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IDW abreast digital amid Covid-19 Domestic GJ market vibrates to resume, resumption of its' operations!
India halts rough Diamond import for a month!
Uddhav Thackeray allows GJ export operations
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“I am announcing today a special economic package with a new resolution. This economic package will serve as an important link in the ‘AtmaNirbhar Bharat Abhiyan” (Self-Reliant India Campaign). If added, comes to around Rs. 20 lakh crores. This package is about 10 percent of India’s GDP.” : Narendra Modi
EXCLUSIVE
Shifting paradigm to Village from Mega Cities!
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ecently Narendra Modi, Prime Minister-India interacted with Bill Gates and suggested that the Gates Foundation could take the lead in analysing the necessary changes in lifestyles, economic organisation, social behaviour, modes of disseminating education and healthcare that would emerge in the post-Covid-19 world and the associated technological challenges that would need to be addressed. He said that India would be happy to contribute to such an analytical exercise based on its own experiences. This is to understand amid Covid-19 lockdown. What PM India is thinking for the post Covid-19 era? Where the direction and wind is blowing! De facto this is the critical time for every government and policymakers that to lead their nation in very precise manner. There is no room for policy mistake amid, lower charting trade & geopolitical tensions! I think direction India is very clear and precise, here I will focus on two, 1: Rajiv Mehta, Director-Dimexon Diamonds & 2: Nirmala Sitharaman, Union Minister of Finance. 1: Psycho-Cybernetics book of Dr. Maxwell Maltz was cited by Rajiv, “...it requires 21 days for an old mental image to dissolve and a new one to gel”. This could be once-in-a-lifetime opportunity, to dissolve all our old images and set up new ones! I mean, this is the time to reset India with a fresh-nfair! And in the row, I would refer the direction of Union Government India, a clarion call for or Self-Reliant India Movement. Here government is focussing on ve points, 1: Economy, 2: Infrastructure, 3: System, 4: Vibrant Demography and 5: Demand. This aim to promote a culture of entrepreneurship among India’s youth and inspire them to set-up their own enterprises and create employment opportunities for others! 2: Now a day, Nirmala Sitharaman is announcing huge big Economic Package of Rs20trillion! About 10% of GDP India, package is a clear and concise with the precision of direction that New India is raising in town & villages of India! This is the road to make every village Self-Reliant, every town a Self-Reliant with its’ own economic power & growth! One village one skill theory is opening though FM has cited one product one state so far! I think whole of the centralised economy India around the fewer cities is shifting and de centralising to nd every town & villages!
Bottom Line: We have learnt enough during the coronavirus lockdown through trade centric various Webinar & reading. It is true that, 1: sanitation and customer care with hygiene would be the important with the hygiene & sanitation of staff. 2: Adopt and stay abreast digitisation and 3: manage a wider supply line! Because, the impact of coronavirus is likely to lasts for ve years!
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“Essentially, the goal is to build a self-reliant India that is why the Economic Package is called Aatma Nirbhar Bharat Abhiyaan. Citing the pillars on which we seek to build Aatma Nirbhar Bharat Abhiyaan! Our focus would be on land, labour, liquidity and law.”
EXCLUSIVE
Nirmala Sitharaman, Minister of Finance & Corporate Affairs:
T E A M O F S Y N E R G Y Former Group Publishing Director : Mrs. L. T. Jain Chief Executive Director : C. T. Jain Editorial Managing Editor : L. T. Jain Editor : Nayan Jani Assistant Editor : Pakshal Rathod Associate Editor : Shubhangi K. Advertising Sales Director Rakesh Jain Cell: 9820668237 Production: Production Manager : Manoj Jain Designer : Dnyanesh Panchal Advertising Admin : Roshni Lokhande Photo Researcher : Jay Kumar/ Paresh Printer : Jayant Printery Marketing & Circulation Subscription : Roshni 022- 2205 6821 Representative : George S. Shripal Jain Sudhish Gupta Advisory Board : Gautam Banerjee, Sanjay Jogwani K.T. Ramchandran, Hulasiben M. Amrut Rathod, T. M. Jain REGD.NO. MAHENG/2003/12324 Copyrights C.A. Publication does not take any responsibility for unsolicited material. The editor do their best to verify and give accurate information published, but do not take responsibility for the information. The contents of this publication are believed to be correct at the time of going to the press. We do not accept responsibility for error in the information given.
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India @ big shift in the Post Covid-19 era!
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aximum city Mumbai that never sleep yet Mumbai stopped and gone to lockdown with India! And accordingly Gem-nJewellery (GJ) industry & trade halted. Here I will say leaders of the GJ industry & trade remained active with vibrant fraternity! Leaders donated actively, managed several Webinar and discussions. They vibrated whole industry & trade, they kept the fraternity active and updated! A great sharing of intelligence & knowledge carried on amid pandemic Covid-19 ght and we also carried exclusive #IndiaghtCovid-19 to feature these entire bigger shifts as a weekly, distributed online and also through our resources! We witnessed a big shift in our life-n-style, shift in our business pattern, arranging and announcing eRough diamond tenders, eDiamond expo and also now witnessed resumption of jewellery manufacturing operations! Even Retail has taken several hygiene and self-distancing measures for both, 1: for front staff & 2: for buyer! Those who had avoided digitisation and online presence, social media, Omnichannel are rushing to abreast digitisation! I am telling especially to retail jewellers, many of those did not bother to launch own business website, never bothered to keep updated with the latest jewellery! And now all these are selling & showing their products even in the small WhatsApp groups! This is a big shift if jewellers are accepting payment online and through digital options! Now I am convinced that Online and digital impression would work! Be smart at digital presentation!
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“Exporters think big, be ready to harness the opportunity in the post-Covid era! If we improve our quality, build capacity, bring in economies of scale, improve price competitiveness, then we can grow and harness the potential in post-Covid world.”
EXCLUSIVE
: Piyush Goyal, Union Commerce and Industry
What’s Inside VOL: 19 / ISSUE: 5 MAY-JUNE’2020
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JNI JEWELLERY NEWS INDIA
Uddhav Thackeray allows GJ export operations
THE REAL HEROES Cheer among jewellery exporters!
Domestic GJ market vibrates To resume, resumption of its’ operations!
GJEPC shoulders CSR, Contributes Rs 50 Crores
Survive the economy India!! 18-CONTENT
JNI-C A Publication salutes corona warriors who are putting their lives at risk and helping others. These are the people saving humanity during the corona virus outbreak. JNI-MAY-JUNE’2020
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“GJEPC and the entire gems and jewellery export community in Mumbai and across the country, are extremely grateful for this to the Chief Minister of Maharashtra Shri Uddhav Thackeray ji, for listening to our appeal and taking proactive step towards his pro-business continuity initiative for continuation of gems and jewellery exports from Mumbai.” : Pramod Agrawal, Chairman GJEPC
EXCLUSIVE
Uddhav Thackeray allows GJ export operations
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aharashtra State Chief Minister Shri Uddhav Thackeray yesterday in his meeting with the cabinet ministers approved an important appeal made by the gems and jewellery exports fraternity to start operations in Mumbai. The State CM approved operations of designated gems and jewellery export units at Bharat Diamond Bourse and SEEPZ, which are India’s largest and world’s renowned jewellery export zones. The government however allowed the operations of these jewellery export units with only 10 percent of workforce for fulfilling of import and export obligations during the lockdown period. Also the State government have given instructions to arrange for safe and hygienic work environment for the workforce, including their safe travel to and fro from their house to their workshop’s or manufacturing units. This landmark decision by the government of Maharashtra has brought relief to thousands of diamond, gems and jewellery exporters in BDB and SEEPZ in Mumbai. This will be a significant move for the gems and jewellery export operations to commence in Mumbai as the city houses Bharat Diamond Bourse and SEEPZ, two of India’s largest jewellery export designated zones. Also, it is believed that Bharat Diamond Bourse have received export interest applications from the members worth $550Mn from 1673 consignment parcels and SEEPZ is expected to export $10Mn worth of diamond from 50 units. The Gem and Jewellery Export Promotion Council of India (GJEPC), Chairman, Mr Pramod Agrawal, expressed gratitude towards the Chief Minister of Maharashtra and said, “GJEPC and the entire gems and jewellery export community in Mumbai and across the country, are extremely grateful for this to the 20-LEAD RESUMPTION
Landmark decisions for Export Trade breathe a sigh of relief
Permitted operations in Mumbai with 10 percent workforce during lockdown1 Chief Minister of Maharashtra Shri Uddhav Thackeray ji, for listening to our appeal and taking proactive step towards his pro-business continuity initiative for continuation of gems and jewellery exports from Mumbai. Due to COVID-19 lockdown, the industry was on a standstill for over 5-6 weeks and the export orders worth $1Bn are pending. This limited but extremely crucial operations permission will help us not only to clear the backlogs but will also prevent the business losing to neighbouring countries like China, Taiwan and Malaysia who are fully functional now. I also thank the Ministry of Commerce; The Ministry of Finance and Customs department for working relentlessly to gear-up G&J exports amidst COVID-19 lockdown.” Mr Colin Shah, Vice Chairman, GJEPC, said, “The CM of Maharashtra Uddhav ji understands the need of the hour and this initiative will bring cheer not just to the export houses, but also to the labours and craftsman who are the backbone of the industry. Priority
will be given to deliver pending export orders and this will bring liquidity to the overall ecosystem. “ Anoop Mehta, President Bharat Diamond Bourse said, “ This is a significant move for the diamond trade at BDB as the units can commence operations post almost 50 days of lockdown. I extend my sincere thanks to the Hon’ble CM of Maharashtra for considering our plea and allowing trade to commence at Bharat Diamond Bourse.” Mr Pramod Agrawal further added, “Will take this opportunity to thank Russell Bhai Mehta, Kirit Bhai Bhansali and the entire team of GJEPC who have worked towards a common goal of getting the business back on track and were constantly pursuing with the CM’s office and Govt of Maharashtra State to allow partial operations in the gems and jewellery export units in Mumbai. It is expected that the Indian gem and jewellery industry will be gaining back its momentum slowly by strictly adhering to the Covid-19 safety guidelines set up by government. JNI-MAY-JUNE’2020
www.giionline.com Ph. 022 23889232
EXCLUSIVE
“The CM of Maharashtra Uddhav ji understands the need of the hour and this initiative will bring cheer not just to the export houses, but also to the labours and craftsman who are the backbone of the industry. Priority will be given to deliver pending export orders and this will bring liquidity to the overall ecosystem.” : Colin Shah, Vice Chairman, GJEPC
Is GJEPC looking for Government
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ecently at the Webinar Vice Chairman GJEPC India Colin Shah agreed upon the fact that the gem & jewellery export fraternity is looking for bank facilities. He said, GJEPC is communicating with RBI to clarify all those related banks to announce related package! Further, Colin Shah said, GJEPC India is also looking for the package for export fraternity from government. No doubt, GJEPC is working in the sync with Ministry of Finance, Ministry of Commerce & Industry. Swiftly communication is going on and looking at all those aspects to boost exports at post Covid-19 era. It is to know that India has halted the rough diamond import in the meantime from May 15 & up to one month! Such measures had been taken earlier at the global turmoil 2008. In the row, RJC had also viewed that the gem & jewellery industry recovery will need government support! From global platform RJC said, we see two priorities, rst, like any industry, our industry recovery will need support of bold and timely 22-LEAD RESUMPTION
package!
GJEPC India is also looking for the package for export fraternity from government. No doubt, GJEPC is working in the sync with Ministry of Finance, Ministry of Commerce & Industry. Swiftly communication is going on and looking at all those aspects to boost exports at post Covid-19 era. economic policies from governments around the world to mitigate the economic damage and help build condence in the economy and focus on recovery. These measures are essential to protect people’s livelihoods. Governments and businesses will need to work more closely together to tackle this crisis. Time is of the essence & second, our industry needs to unite more than ever to focus
on long term sustainability and consumer condence. Ultimately, we work in an industry of beauty and emotions. We strongly believe we have a great opportunity to engage with our consumers in these unprecedented times. Consumer behaviour will evolve through the experience of this pandemic and we, as an industry, will need to adapt fast to understand and exceed the consumers’ expectation. JNI-MAY-JUNE’2020
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“This is a signicant move for the diamond trade at BDB as the units can commence operations post almost 50 days of lockdown. I extend my sincere thanks to the Hon’ble CM of Maharashtra for considering our plea and allowing trade to commence at Bharat Diamond Bourse.” : Anoop Mehta, President, BDB
EXCLUSIVE
Cheer among jewellery exporters! Ministry of Commerce and Customs department worked relentlessly For gearing-up G & J exports amidst COVID-19 lockdown! Limited operations allowed! Thousands of gems and jewellery exporters in Mumbai took a breath of relief, as the government of Maharashtra in a landmark decision, allowed designated export units of diamond and jewellery to begin their operations in Mumbai. However, considering the ongoing Covid-19 pandemic, the government has allowed only 10 percent of workforce can operate in these jewellery export units and also transport of the employees will be the responsibility of the employer during the lockdown period. Mr. Pramod Kumar Agrawal, Chairman, GJEPC said, “We are thankful to the Chief Minister of Maharashtra and the administrative departments for allowing gems and jewellery export operations from Mumbai with 10 percent workforce during the lockdown period. Surat and Jaipur have already started exports of gems and jewellery. I would also like to thank 24-LEAD RESUMPTION
Gem and jewellery industry to export $1bn worth pending exports! Central government as well as Gujarat and Rajasthan State governments for allowing operations with 33% work strength. Bharat Diamond Bourse and Seepz in Mumbai are major centres which have a huge backlog of orders and I am happy that these centres will be operational in the next few days. We would make sure that all factories and units are operational following strict guidelines of maintaining social distancing and ensuring frequent sanitisation of
factory premises, equipment, and workers.”
$1bn worth exports orders! This will be a signicant move for the gems and jewellery export operations to commence in Mumbai as the city houses Bharat Diamond Bourse and Seepz, two of India’s largest jewellery export designated zones. Also, it is believed that Bharat Diamond Bourse have received export interest applications from the JNI-MAY-JUNE’2020
“Yes, we have adopted the resumption way by checking all machineries as per the government guidelines. We have started plant maintenance work from 6th of this month. We follow all the measures of sanitization precautions!” : K Srinivasan, MD, Emerald Jewel Industry India Ltd
members worth $550Mn from 1673 consignment parcels and Seepz is expected to export $10Mn worth of diamond exports from 50 units. On the other hand, Surat Diamond Bourse and Jaipur resumed work after a gap of almost 5-6 weeks. These centres are operational by adhering to the Covid-19 safety guidelines set up by Govt. The Gem and Jewellery Export Promotion Council, along with other trade bodies have been pursuing the State and Central Government to make all the major gem and jewellery centres operational across India to clear the backlog of orders from the prelockdown period.
MoC & I gears up: Mr. Colin Shah, Vice Chairman, GJEPC said, “It has been a collective effort from all the stakeholders that has helped us start gem & jewellery exports. As always there has been a tremendous support from the Ministry of Commerce & Industry. The Customs department has remained open during the ongoing lockdown and ofcials have bravely come forward to ensure exports to take place. Both the Ministry of Commerce and Customs department worked relentlessly for the gems and jewellery exports and we as an industry thank them for their constant support. As a result, cancellation of orders got minimised from Mumbai SEEPZ, Surat Diamond Bourse and Jaipur.” GJEPC and the trade JNI-MAY-JUNE’2020
fraternity are thankful to the support extended by MOC & I, Department of Commerce and State Governments across the centres. Customs at each Centre of Mumbai, Surat, Jaipur and Delhi have been providing continued assistance and backing the trade in clearing parcels both at Import and Export. It is expected that the Indian gem and jewellery industry will be gaining back its momentum slowly by strictly adhering to the Covid-19 safety guidelines set up by Government.
Vibrant Zone: Jaipur is another important centre for gem and jewellery wherein on an average daily 7-8 shipments are taking place from ACC, Jaipur (DTA). Till date 40 units in SEZ, Sitapura and 25 units in gems & jewellery zone of EPIP, Sitapura has commenced their production. DTA has cleared 185 shipments of value Rs 22,87,79,565/- and from SEZ, 42 shipments of value Rs. 8,81,05,254/- were cleared till May 9th . Exporters are using the parcel services of logistics companies to send consignments as it is cheaper than booking directly on cargo ights following an increase in air freight rates. The parcel sizes are also smaller compared with usual times, as the output of factories has come down as the factories have not started in full strength. “Exports of gold, silver and imitation jewellery has started. Exports of studded jewellery will also
EXCLUSIVE
begin soon,” added Agrawal. Exporters are using the parcel services of logistic companies to send consignments as it is cheaper than booking directly on cargo ights following an increase in air freight rates. The parcel sizes are also smaller compared with usual times, as the output of factories has come down as the factories have not started in full strength. “Exports of gold, silver and imitation jewellery has started. Exports of studded jewellery will also begin soon,” added Pramod Agrawal. At Surat SEZ, operations of G&J units commenced post 27th April, 2020 with First export of G&J commodity taking place on 5th May. 8 units started their operations in Special Notied Zone, Sachin, Surat and 2 export shipments worth Rs. 109.12 Lakh was cleared in rst week of May, 2020. ACC, Ahmedabad has cleared 10 shipments in the month of April, 2020 worth Rs. 18.8 lakhs. Surat Hira Bourse is facilitating exporters in clearance of shipments and exports to Hong Kong have been possible from Mumbai airport with direct ight/cargo connection. 5 units in Gem & Jewellery Park, IchhaporeSurat have started operations with minimum strength of the staff. From Delhi Port, 1 consignment export of gold jewellery commenced on Tuesday and few silver jewellery exports are in pipeline. Noida SEZ is operational. LEAD RESUMPTION-25
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“We have started operating at selected stores in 4 states - West Bengal, Odisha, Assam and Karnataka after getting approvals from concerned Government authorities. We are ensuring contact-less shopping experience by using new age technology and emphasizing on digital payments.” : Suvankar Sen, Executive Director – Senco Gold and Diamonds
India halts rough Diamond import for a month!
Halt from May 15, 2020: Recently diamond industry urged to all members to cease voluntarily import of Rough Diamonds for one month from May 15, 2020. In a jointly sign appeal to diamond fraternity India key signatories are Anoop Mehta, PresidentBharat Diamond Bourse, Pramod Kumar Agrawal, Chairman-GJEPC, Babubhai Kathiriya Chhodvdi, President-Surat Diamond Association, Mahendra V. Gandhi, President-The Mumbai Diamond Merchants Association and Vallabhbhai Patel, President-Surat Diamond Bourse. The join appeal said, as you are aware, the Covid-19 pandemic situation is having 28-LEAD RESUMPTION
an unprecedented impact on the global economy. Various countries across the world have declared lockdowns, and, by and large these countries have temporarily closed their economies. In order to ght this pandemic situation, India has initially declared a lockdown for 21 days, which has been extended for another 19 days. Various countries and different departments/ authorities of the Government of India have recognized and declared Covid-19 pandemic as a ‘Force Majeure’ event. With these lockdowns, and various administrative actions including travel bans, etc. imports and exports of various products have been tremendously impacted. The Covid-19 pandemic is also
having a huge impact on our industry, and, there has been a serious strain on the companies throughout the diamond value chain. In the process of monitoring the situation & on responding to the plea from the members the GJEPC, we had several meetings of the top member exporters and local members of Committee of Administration of the GJEPC to discuss the current market scenario and possible steps that can be taken by the Members in consequence of the unprecedented issues arising from the Covid-19 pandemic, for strengthening the diamond industry.
Review in June: Subsequently Vice Chairman and Convener (DPC) on behalf of GJEPC and BDB, SDB, SDA & MDMA have done consultation meetings with prominent members of trade in India and the world. Based on the opinion received from such consultation and the decision taken after that in the Diamond Panel Committee of GJEPC and the four diamond associations, GJEPC has written a note to the Hon’ble Commerce Minister, Commerce Secretary, Economic Advisor and other Government ofcials and apprised them of JNI-MAY-JUNE’2020
“I see a big impact of Covid-19 to our economy, business and personal life. There will be an immense change; people will become more conscious about their health & hygiene system. They will adopt new style of business by making more use of technology and digital world.” Rajendra Jain, MD- India, Swarovski Gemstones:
the precarious state of the Indian gems and Jewellery industry currently due to this
COVID 19 crisis which has called for urgent measures so that the industry may survive during this critical period. In order to protect the interest of the industry at large during this current crisis, the need for urgent measures to be taken was discussed in the meeting and it was suggested that the individual members may consider the option of curtailing their import of rough Diamonds from 15th May 2020 at least for the next 30 days. It was assessed that such import stoppage will help the industry face the challenge that has arisen out of turmoil in the global gems and jewellery market. On one hand this move will send a signal to the banking system that the diamond industry will not increase its indebtedness at the time when our downstream colleagues continue to meet consumer demand so that the bankers feel reassured & do not reduce the credit exposure to the industry. On the other hand this move will basically cause fewer roughs to enter the diamond pipeline and the producer companies will thus face lesser strain and indirectly share in the nancing burden and JNI-MAY-JUNE’2020
contribute to a faster restoration of normalcy in an otherwise healthy business. Based on these inputs and consideration , the Chairman of the Council, President of BDB, Chairman of SDB, Chairman of SDA and Chairman of MDMA urges its members as well as non-members to consider their commercial and contractual
EXCLUSIVE
position individually, and, consider ceasing their imports of rough diamonds voluntarily for a month of 1 month from May 15, 2020. It may be noted that this is merely a suggestion by GJEPC and the four prominent diamond trade bodies of India to their members and non-members in the industry, issued in the overall interest of the industry and the related stakeholders. The members and nonmembers may take their respective decisions independently and voluntarily.
WFDB launches YDs website!
T
he World Federation of Diamond Bourses (WFDB) is excited to announce the launch of its Young Diamantaires (YDs) website www.ydts.org. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express their thoughts, opinions and views in a safe and constructive manner. The website itself was physically built by the members for the members. It is in its rst iteration and there are plans to expand its functionality. Rami Baron, Chairman of the Promotion Committee of the WFDB and founder of the Young Diamantaires describes the four pillars as the foundation from which the group will grow: 1. To provide a platform where discussion can take place which is relevant to our industry, respectful and without judgment of others. 2. To provide an ability to expand one’s networks, participate in events and share with like-minded people ways to improve each other’s businesses. 3. To cultivate leadership roles for the future of the WFDB and foster the opportunity for women to play an equally prominent role in our industry. 4. Become a focal point for sponsoring and contributing to those who are less fortunate, in ways which have a positive impact on their lives and that of our industry.
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“BVC Logistics has chalked out the guidelines as an action plan that aligns with the national policy and government guidelines for smooth operations. The guidelines highlight the 5s, Social distancing, Safety PPE, Self-Hygiene, Self-Isolation and Self-discipline for everyone to follow. It includes starting from home to going back safely.”
EXCLUSIVE
Rajesh Neelakanta, Executive Director & CEO-BVC:
IDW abreast digital amid Covid-19
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orld’s Foremost ‘Only Diamond Show’ Bharat Diamond Week [BDW] goes digital! Show to support large number of buyers to get back into business by offering a much wider variety of products and increased number of exhibitors through the BDW-digital platform! The organizing committee of Bharat Diamond Week-BDW, world’s foremost ‘only diamond show’ decided that the BDW will go Digital. The decision was taken by the committee over an online meeting today. The Bharat Diamond Week in its 4th
edition was slated to be orgnaised during the rst week of August 2020. Looking at the unprecedented events that are transpiring the world over due to the dreaded Covid 19, it was decided by the committee to go digital. Keeping in mind the status of various gem and 30-LEAD RESUMPTION
jewellery economies that are more or less in a lock down stage without knowing a logical ending to this Covid phenomenon, the committee felt the need for making diamonds available to the buyers once the industry get back into business, and what better way of servicing them than a ‘Digital Medium’. BDB cares about the health of buyers and in present scenario it may not be advised to travel, therefore BDB committee decided to cancel the physical show that was to be held in August between the 5th to 7th this year, and transform the same into a digital medium was taken in the meeting.
Bharat Diamond Week organizers felt that BDW should rise to the occasion keeping in mind the thousands of buyers spread across who would go jobless without the availability of raw materials. ‘Digital platform would denitely give all those buyers an avenue to buy and
‘Digital platform would denitely give all those buyers an avenue to buy and go on with their respective business’ go on with their respective business’ opined Anoop Mehta, President Bharat Diamond Bourse. While the dates of the transformed show into a digital platform are yet to be announced, it is imperative that the Bharat Diamond Week - Digital will make a difference to huge number of buyers worldwide. Bharat Diamond Week - Digital will be built on a secured platform with critical and important features that has never been seen before. This securitized digital platform will enable buyers and sellers to have a ‘close to realistic’ feel regarding all the products showcased. Buyers and sellers will have an unmatched meeting environment, discussion board and many other features including logistic recommendations. All this and more will make the Bharat Diamond Week –Digital, a not to be missed online event. JNI-MAY-JUNE’2020
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“We have reinstated a work-from-home policy from 19th March onwards and have identied critical team members to assist in potential crisis moments. We also have a core COVID committee in place that is examining the constantly evolving situation closely.”
EXCLUSIVE
Yogesh Mudras, MD, Informa Markets-India:
Domestic GJ market vibrates To resume, resumption of its’ operations!
Domestic gem-n-jewellery (GJ) players remained vibrant to deal with glitter & sparkles in the mean time they tried well and offered good crafts during Gudi Padva and Akshay Tritiya! They celebrated by honouring their patron’s sentiment about festivity and stayed connected online! Now, they are reopening activities after announcing some relief amid pandemic Covid-19. Here is the two vibrant players to understand! : Editor.
Emerald Jewel restarted jewel crafting!
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n a question of JNI Editor Nayan Jani, K Srinivasan agreed upon viral video that shows resumption of Emerald Jewel Industry India Ltd operation and said he has resumed operations from May 6. He said, “Yes, we have adopted the resumption way by checking all machineries as per the government guidelines. We have started plant maintenance work from 6th of this month.” At the time of resumption, Emerald has adopted several safety and sanitations measures where they have adopted a system to enter in the operation premises, keeping own belongings, hand 32- PRIME SUPPORT
sanitisation, wearing aprons and more! Personally K Srinivasan had addressed his artisans and craftsmen with employee. They guided well upon entering the premises! In the row for following all those measures of sanitation precautions K Srinivasan said, “Yes, we follow all the measures of sanitization precautions as appeared in the video.” Today, Emerald Jewel boasts a whopping number of unique designs excess of 500,000, a broad diversication technology used, a 5000 member plus dedicated workforce, 15 exclusive
showrooms across various states in India (with many more to come), 82 distributors all over the country, and design centers in Coimbatore, Mumbai, Delhi and Dubai and is still growing. Emerald has always been about producing novel and innovative pieces of jewelry that people would be proud to call their own. From the dainty little ear studs that twinkle merrily in your ear to impressive canvases of fulledged traditional ottiyanams, lavish attention to detail is paid to ensure that they are worthy of the Emerald brand. JNI-MAY-JUNE’2020
#fight against
corona
“GJC’s members across the country will extend all possible support and cooperation to the Government of India in the ongoing battle against Covid-19 pandemic. We are fortunate that our Central and State Governments are working 24 X 7 to make sure that we all remain safe.” : Anantha Padmanaban, Chairman-GJC
EXCLUSIVE
Senco Gold & Diamonds reopens stores! Stores following proper safety measures suggested by the Government Opens stores in 4 states - West Bengal, Odisha, Assam and Karnataka
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enco Gold & Diamonds, the largest jewellery retail chain from Eastern India, has announced the re-opening of its stores across green and orange zones in 4 states -West Bengal, Odisha, Assam and
Karnataka. The brand has started operating its 11 stores in these four states after getting clearance from the government. The brand will continue to follow the safety instructions suggested by Government authorities across all locations. Senco Gold and Diamonds
plans to start operations across all locations in a phased manner following clearance by the concerned Government authorities. Brand will follow all safety measures while reopening the stores. Mr. Suvankar Sen, Executive Director – Senco Gold and Diamonds said – “We have started operating at selected stores in 4 states -West Bengal, Odisha, Assam and Karnataka after getting approvals from concerned
Hygiene for both: the Staff & also for buyer: To ensure safe hygienic shopping experience for our customers and for the wellbeing our employees we will be following all suggested safety measures. We are ensuring contact-less shopping experience by using new age technology and emphasizing on digital payments.” Senco Gold and Diamonds’ “Safe Hygienic Atmosphere at stores” initiative includes, getting approval for business from concerned Government authorities, maintain proper hygiene at stores by sanitizing entire stores including lifts at standard intervals, regular temperature check of 34-PRIME SUPPORT
employees as well as customers at entry gate. Employees will also be following safety measures like wearing hand gloves, face masks, and head shields while assisting customers maintaining social distancing norms. Brand will ensure delivering sterilized and sanitized jewelleries to customers. The company will also ensure sanitization of jewelleries after every display to customers. To provide “Contactless Experience” to customers, Brand has installed virtual jewellery trial room at
selected stores. Customer can try out the jewellery virtually while choosing from multiple options. Senco Gold and Diamonds is encouraging customers on digital payment. Post payment the cards will also be sanitized with customer’s approval. Company is promoting its ecommerce platform for shopping and is also suggesting customers to do rst round of selection with the help of e-catalog prior visiting the store. On-call assistance by customer support team will be available to help the customers while shopping online. JNI-MAY-JUNE’2020
#fight against
corona
“We are in this, together! As the impact of Covid-19 is felt around the world I hope that you and your friends and family are safe. We are constantly monitoring the evolving situation around COVID-19 and taking proactive steps to safeguard all employees. I am immensely proud of the way my team has adapted to the current situation, juggling their lives to the best of their abilities.”
EXCLUSIVE
: David Tait, CEO-WGC
India softens exporters’ hardship! Department of Commerce has provided a number of Relaxations /Extensions of various Compliance Deadlines etc to address Corona Pandemic Related Hardships of Exporters!
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n order to give relief to businesses and affected individuals amidst the stress caused by the novel coronavirus pandemic, Department of Commerce, Ministry of Commerce and Industry has introduced several relaxations and extensions in deadlines etc. with regard to compliances mandated under its schemes and activities. The key relaxations pertaining to the Department of Commerce are as follows, A. Facilitation under Foreign Trade Policy (FTP) 2015-20 by DGFT,
implemented based on feedback, representation and inputs from other departments in light of Covid-19, a: Extension in replenishment scheme for G&J under Para 4.59(e) also extended by 6 months. b: Extension of 6 months under Para 4.75(c) and para 4.77(c) for Diamond exports and exports against supply by foreign buyer for G&J Sector. c: As approved by Department of Revenue, Exemption of IGST and Compensation Cess under Advance Authorisation, EPCG Scheme and EOUs till 31.03.2021 has been notied.
1: Extension of FTP beyond 31st March 2020, 2: Advance Authorizations and EPCG Authorizations, 3: Extension of validity of Registration cum Membership Certicate (RCMC) beyond 31st March, 2020, 4: Service Exports from India Scheme (SEIS), 5. Merchandise Exports from India Scheme (MEIS). 6: Rebate of State and Central Taxes and Levies (RoSCTL) 7: Extended Status Holder, 8: Remissions under provisions of Hand Book of Procedure (HBP). In addition, following changes are also 36-PRIME SUPPORT
JNI-MAY-JUNE’2020
EXCLUSIVE
“It’s a massive impact. Impact like nothing before! The Gold is uctuating like a dying man’s pulse. Markets are crashing and to make up the margin calls gold is being liquidated. Indian G&J industry is predominantly wedding driven. But due to Coronavirus most such events are being cancelled. That has driven the wedding shopping to a halt.” : Tanya Rastogi, Director-Lala Jugal Kishore Jewellers
Alrosa offers greater exibility To long-term customers!
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lrosa takes further action to support long-term customers amid global market uncertainty, said Alrosa. Since the beginning of this year, Alrosa has been taking consistent steps to improve trading exibility. By the start of its trading session in March, the mandatory amount of rough diamonds required to be bought had been lowered from 55% to 50%. In a stable market environment, for comparison, Alrosa usually sets this at 80% level, as was the case in 2018. Until mid-2019, it was 70%. Given the current
market developments, the Company has decided that, starting this week, it will let customers off take 40% of the initially contracted volume and carry the remaining part over to the end of May 2020. “Obviously, amid such market uncertainty, it wouldn’t be right to keep our customers tied to their original contracts. We hope that Alrosa’s exible sales policy
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At the beginning of the year, Eximbank of Russia issued its rst loan for a foreign customer to buy rough diamonds from Alrosa. Many other companies also showed interest in this type of nancing.
India supports SEZ-Exporters to soften hardship developers, b) SOFTEX form to be led by IT/ITES units & c) Filing of Annual Performance Reports (APR) by SEZ units.
epartment of Commerce has provided a number of Relaxations /Extensions of various compliance deadlines etc to address Corona Pandemic related hardships of exporters! Facilitation for Special Economic Zone (SEZ) units in respect of SEZ Developers/Co- developers/ Units relaxations have been allowed on following compliances: a) Requirement to le Quarterly Progress Report (QPR) attested by Independent Chartered Engineers by Developers/ Co
and support measures will help market participants adapt to the new conditions, and pass them successfully through,” said Deputy CEO Evgeny Agureev.
Development Commissioners have been directed to facilitate all extensions of Letter of Approvals (LoAs) and other compliances through electronic mode in a time bound manner. In the cases where it is not possible to grant extension through electronic mode or in cases where a physical meeting is required, Development. Commissioners shall ensure that the Developer / Co developer / Units do not face any hardship due to such expiry of validity during this period of disruption,
and ad hoc interim extension / deferment of the expiry date may be granted without prejudice till 30.06.2020 or further instructions of the Department on the matter, whichever is earlier. Such extensions will cover following type of cases: a. Developers/co developers who are in the process of developing and operationalizing the SEZS b. Units which are likely to complete their 5 year block for NFE assessment c. Units which are yet to commence operations. Other facilities are of 1: Facilitation by ECGC and 2: Facilitation by the Director General Trade remedies. Apart from these, there are several announcement is being made. JNI-MAY-JUNE’2020
#fight against
corona
“Since the coronavirus outbreak, Gold prices have moved up. The yellow metal being considered a safe haven has shown slight impact in sales at our Gorakhpur stores. Prioritizing the current health scenario, we have taken adequate measures like sanitization for both our employees and customers.” : Vaibhav Saraf, Director- Aisshpra Gems and Jewels
EXCLUSIVE
How #GJIndustryandtrade ghtCovid-19 Time and again I have inked that India gem & jewellery (GJ) industry & trade has led by prudent leadership! In those days, upon arrival of global turmoil Vasant Mehta was the Chairman of GJEPC! In those days I had met several big GJ players and they were avoiding any speaking with media despite I had said, leader should speak and lead, guide the peers & all! In those days, Vasant Mehta had come out and led the GJEPC with new condence, GJ industry & trade faced well that rock hard scenario! Even at this pandemic Covidght-19 leaders have remained active and attempted to ght well this pandemic! JNI is presenting such noted activities & attempts!
-Nayan Jani.
An industry with a heart!
GJEPC shoulders CSR, Contributes
Rs 50 Crores T
he Gem & Jewellery Export Promotion Council, the apex body of the Gem and Jewellery industry in India, has come forward to contribute a Fund of Rs. 50 Crores from its own reserves to help the needy workers of the industry 40-PRIME SUPPORT
impacted by Covid-19. The Fund allocated by GJEPC will also be utilized to support the Government in undertaking several initiatives to ght the current crisis in India. Mr. Pramod Agrawal, Chairman, GJEPC said, “In our endeavour to combat the
situation caused by Covid-19, GJEPC, from its own reserves, has decided to contribute Rs. 50 crores towards several welfare initiatives to be undertaken in the current scenario. The economic situation of our country and that of our industry has taken JNI-MAY-JUNE’2020
“There is a lot of uncertainty right now due to the Coronavirus pandemic. It is difcult to predict how the situation is going to be around Gudi Padwa & how business would shape up going forward.” : Ishu Datwani, Founder-Anmol a severe beating. Our businesses are impacted but the most affected is our Daily wage worker community. This is an industry that contributes 7% to India’s total GDP and employs more than 5 million workforce. It becomes important and mandatory at such distressing times to take adequate care of our employees and support them wholeheartedly. We have braved many turmoils and this time will be no different. This is the time to show solidarity towards our Nation and our Industry. It’s time for us to reveal our philanthropic side once again.” Under the strong and able leadership of our Honourable Prime Minister Shri Narendra Modi, Govt of India has initiated proactively every possible measure to contain the spread of this virus in the country. GJEPC has pledged to serve the Nation and in particular the Indian Gem & Jewellery Industry in every possible manner.
Relief Measures: 1. GJEPC has appealed to all its Members to take care of their employees during the lockdown period as also stated by the Govt. and demonstrate a united and humane approach at these unprecedented times. 2. GJEPC has contributed a sum of Rs. 50 Crores from its own reserves to mitigate the impact of Covid 19 on the Industry and Nation at large, a. The fund allocated by GJEPC will be utilised to aid the Daily Wage Workers employed in the Gems & JNI-MAY-JUNE’2020
EXCLUSIVE
the industry , the trade bodies, organisations associated with Gems & Jewellery sector to come forward and replicate GJEPC’s efforts by also generously donating towards support of the needy workers of the trade and fund initiatives of Government to tackle the Covid 19 crisis.
“In our endeavour to combat the situation caused by Covid-19, GJEPC, from its own reserves, has decided to contribute Rs. 50 crores towards several welfare initiatives to be undertaken in the current scenario. The economic situation of our country and that of our industry has taken a severe beating. Our businesses are impacted but the most affected is our Daily wage worker community.
Colin Shah, Vice Chairman, GJEPC said, “We at GJEPC will leave no stone unturned when it comes to protecting and taking care of the Industry workers as they are the backbone of the trade.” “We are thankful to the Govt. for announcing certain waiver in compliance and tax lings to mitigate the woes of all industries. We have also represented to the Honourable Finance Minister and to Hon’ Commerce Minister with measures that need to be implemented to revive the Indian gem & jewellery industry from this crisis.
b. The contributed fund will also be used for funding specic initiatives undertaken by Govt. for the public at large in India to ght Covid 19, such as creation of medical facility, health related needs or any other.
Daily wage job workers are rendered job less due to cancellation of export orders. In order to ensure minimum livelihood to these job workers, we have proposed to the Govt. that the G&J sector be included in the list of job works covered under the MNREGA scheme so that these workers are able to sustain themselves during this difcult time”
c. The Council has formed a Task Force to decide on modalities of utilisation of Rs 50 crores donated by GJEPC by identifying the Industry needs and initiatives of Government to support in the current scenario
The entire gem and jewellery industry have come together and expressed their solidarity to the Hon’ble Prime Minister’s as well as Government’s tireless efforts to contain the epidemic in the country.
Jewellery Industry whose livelihood is directly impacted by Covid 19
d. GJEPC urges all sections of PRIME SUPPORT-41
“In this scenario, all of us must try our utmost to be innovative so that some semblance of business continues to take place. We are fortunate that both ecommerce and digital platforms have developed to quite an extent; they can be the vehicles for business in these times of social distancing.” : Ernie Blom, President-WFDB
EXCLUSIVE
GJEPC contributes Rs 21Crore to PM-Cares
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n a statement Mr Pramod Agrawal, chairman-GJEPC said, “GJEPC, the apex body of gem and jewellery trade in India has decided to contribute Rs. 21 Crore to PM-CARES Fund, pledging our commitment on behalf of the entire gem & jewellery trade in India for the welfare of the nation. Nation is facing an unprecedented crisis and needs the service of organizations and their resources like never before. In such times, the Council steps forward to show its solidarity and ardent support towards all the initiatives undertaken by Govt of India to Fight Covid 19 Under the strong and able leadership of our Honourable Prime Minister Shri Narendra
Modi, Govt of India has initiated proactively every possible measure to contain the spread of Covid-19 in the country. I am hopeful that GJEPC’s contribution towards PMCARES fund can make a difference to several initiatives undertaken by the Govt. towards relief of Covid 19. The economic situation of our country and that of several industries has taken a severe beating. We have also called upon our members, trade associates, Gem & Jewellery associations to come forward and donate generously to the PM-CARES Fund.” GJEPC is the Apex body of Gem & Jewellery Trade in India sponsored by Ministry of Commerce Govt of India, with 7000 Members across the country.
GJEPC welcomes the relief measures by FM
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ecently statement issued by Mr. Colin Shah, Vice Chairman, Gem & Jewellery Export Promotion Council of India (GJEPC), on relief in the nancial year end related operational measures announced by Hon Union Finance Minister Nirmala Sitharaman. Mr. Colin Shah, Vice Chairman, Gem & Jewellery Export Promotion Council of India (GJEPC), said, “We welcome the relief in the nancial year end related operational measures announced by Hon. Union Finance Minister Smt. Nirmala Sitharaman as these will give some relief to a lot of very worried entrepreneurs. We eagerly await the economic relief nancial package to be announced by the Government. Exporters welcome the announcement that Customs will now function as essential 42- PRIME SUPPORT
services and will be working 24X7 till 30 June 2020. We welcome the extension in the last date for ling IT returns and GST returns (March 2020, April 2020, May 2020 and composite returns). Hon. Union FM’s announcement that companies with annual turnover of less than Rs. 5 crores will not be levied any interest, penalty or late fees wrt GST till 30 June 2020 will help MSMEs in the gem & jewellery sector. We welcome reduced interest rate at 9% for late deposits of TDS till 30.06.2020. We welcome extension of last date for schemes such as Vivaad Se Vishwas and Sabka Vishwas Scheme for businessmen. All notices /appeals/ proceedings / ling dates are now extended till 30.06.2020. We also welcome reduction in interest rates for penalty being charged for late payments.” JNI-MAY-JUNE’2020
“We could begin by understanding more about the effect of the Covid-19 crisis on the diamond and jewelry industry, and certain WDC members are already developing an impressive number of online tools in this regard.” : Stephane Fischler, President-WDC
EXCLUSIVE
BDB Contributes Rs 1.20 Crore to CM relief Aid
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harat Diamond Bourse (BDB) committee commends the effort of our Prime Minister Shri Narendra Modi and Maharashtra Government, CM Shree Uddhav Thackeray to ght the war against Covid-19. BDB also acknowledges the entire team of Health workers, Police, Doctors, Mumbai Municipality and all the Covid ghters to have stood alongside people of the country to win the Covid war. Bharat Diamond Bourse also acknowledges the people of our country to have unanimously supported the call of the Prime Minister to “Stay at Home” to thwart off the epidemic. The Gem and Jewellery Export Promotion Council [GJEPC] as always has also contributed signicantly to the cause that will help the country win the war against Covid19. Bharat Diamond Bourse the largest diamond
bourse in the world has done well by taking care of its members, daily wage workers, and all the poor people residing around the area of the bourse, the Bandra - Kurla complex by feeding them on a daily basis. According to Mr Anoop Mehta, President, Bharat Diamond Bourse, “It is our sincere effort to support our countrymen in these unprecedented times that we are facing and I am thankful to the Diamond fraternity and to all our members to have made our contribution and support services a reality”. Mr Mehul Shah, Vice President Bharat Diamond Bourse added “The Diamond fraternity is one of the largest contributors for export revenue to the country and in turn generates huge employment in the trade. The sector has stood up to support our country in all adversities and calamities and hope to always be at the service of our nation in future too”.
JJS contributes Rs 11.11 Lakhs to CM relief fund
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he Organising Committee of the Jaipur Jewellery Show (JJS) contributed Rs. 11 lakh 11 thousand to the Mukhyamantri Sahayta Kosh. The contribution was made in response to the Government’s appeal for nancial aid to combat the Coronavirus outbreak. JJS has been organised for the last 16 years in the month of December. It is the largest and most popular B2B and B2C gems and jewellery show of the country. On the occasion, JJS Convenor, Shri Vimal
JNI-MAY-JUNE’2020
Chand Surana said that mankind across the globe is facing an unprecedented crisis which is affecting our economic and social structure. This crisis can only be overcome by working together. Surana further said that lakhs of traders and artisans associated with the gems and jewellery industry are staying in their homes as per the Government guidelines. He assured the Government of future cooperation on behalf of the entire gems and jewellery community. PRIME SUPPORT-43
“A pandemic that is redening the businesses we rely upon! Stay safe. Stay positive. We will soon be sailing on calmer waters! We know consumers and businesses worldwide of all sizes are under stress and that most of you are facing signicant hardship.”
EXCLUSIVE
: Clement Sabbagh, President- ICA
Laxmi Diamond Shoulder CSR amid Covid-19
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elentlessly since March 28, Laxmi Diamond’s much known in CSR, Smt Shantaben Haribhai Gajera Trust has shouldered its role amid pandemic Covid-19 and distributes food packets and foods for all those needy in the State of Gujarat. This is all about Diamond Do Good for the Society! According to the sources, every day they are distributing over 2500 food kits and food packets in the area of Parvat, Patia, Alpad,
Sayan, Laskana, Ved Road, Mota Varacha, Valak patia and Varacha by the family members of Laxmi Diamond and their employees volunteer services. Smt. Shantaben Haribhai Gajera Charitable Trust was established by Shri Vasantbhai Gajera & His brothers in a pious memory of their beloved mother in 1993. Key momentous of the Trust is to serve nation, citizen & surrounded people in general.
Senco Gold Contributes PM-Cares & WB State
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olkata-based Senco Gold & Diamonds Group in its continued commitment towards supporting the nation in its ght against COVID-19, has pledged INR 1.5 Crores towards the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM Cares Fund) set up by the Hon’ble Prime Minister Narendra Modi and West Bengal State Emergency Relief Fund set up by the Hon’ble Chief Minister Mamata Banerjee cumulatively. The overall contribution also includes one day’s salary of more than 2500 Group employees as well as contribution from the Senco Gold & Diamonds Franchisees. Nation is now facing an unprecedented crisis and needs the service of organizations and resources like never before. In such time, Senco Gold & Diamonds Group has stepped forward to show its solidarity and ardent support towards all the initiatives 44-PRIME SUPPORT
undertaken by Government to ght against this pandemic. Mr. Shaankar Sen, Chairman, Senco Gold & Diamonds Group said, “The world is currently putting up a spirited ght against COVID19. The Government of India along with West Bengal State Government has so far done exemplary work to contain the spread of the virus. Senco Gold & Diamonds Group stands united with the nation and Government’s efforts to overcome the unprecedented coronavirus pandemic, which is impacting the lives of millions of people, and countries across the globe in recent times. We will try to the best of our capabilities to serve our customers, employees, communities and country. All of us would have to do whatever it takes to alleviate and enhance the quality of lives of the communities we serve.” JNI-MAY-JUNE’2020
“Historically, international crises have been inection points in the human experience, and the Covid-19 epidemic is likely to be one of the most transformative in living memory. At the other end of the tunnel through which are traveling, and it will be incumbent upon us to adapt in order to succeed in the new environment.” : Dr Gaetano Cavalieri, President- CIBJO
EXCLUSIVE
De Beers donates $200K To assist women’s support
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onation adds to the more than $5 million De Beers Group has already committed to its producer partner countries to support Covid-19 response efforts De Beers Group today announced a $200,000 donation across its four producer partner countries of Botswana, Canada, Namibia and South Africa to assist women’s shelters and support organisations to respond to an increase in gender-based violence resulting from the Covid-19 situation. The donation will be split equally across Botswana, Canada, Namibia and South Africa. It adds to the contributions De Beers Group has already announced in its host countries to support the Covid-19 response, which exceeds $5 million across monetary and in-kind support, spanning the procurement of medical supplies, logistical support, vulnerability assessment support plans, food security for vulnerable households, water supply to communities, Covid19 awareness and education, and local clinical support. Bruce Cleaver, CEO, De Beers Group and UN Women HeForShe Thematic Champion, said: “As the world faces unprecedented health and economic challenges caused by the Covid-19 virus, many women and children are also being exposed to a signicantly increased risk of gender-based violence, while having limited ability to access support services and nding those services are under extreme pressure. “De Beers Group has a longstanding commitment to support women and girls in the communities where we operate, and right now many need this support more than ever. The funding we are providing will assist JNI-MAY-JUNE’2020
women’s support organisations to continue delivering critical services to survivors of gender-based violence during the current situation, and help protect against it in the future.”
Alrosa ght with Covid-19 in Yakutia
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lrosa CEO said, he is to support ght with Covid-19 in Yakutia from personal account! Alrosa CEO Sergey Ivanov reduced his stake in the Company. The proceeds from the sale, more than RUB 18.5 mn, will be used to counter the spread of Covid19 infection in Mirny district of Yakutia, where Alrosa operates. ‘Yesterday I sold half of my stake in Alrosa. All proceeds from the sale will be used to pay for medicines, medical and personal protection equipment for Mirny district of Yakutia. I understand that today is not an ideal moment for selling shares. However, under current circumstances the speed of procurement of scarce medical supplies becomes crucial. Paying from personal account makes purchasing easier and faster,’ noted Sergey Ivanov. As a result, Sergey Ivanov’s stake in Alrosa decreased to 0.00415% from 0.0083%. PRIME SUPPORT-45
EXCLUSIVE
“The world is currently putting up a spirited ght against Covid19. The Government of India along with West Bengal State Government has so far done exemplary work to contain the spread of the virus. We will try to the best of our capabilities to serve our customers, employees, communities and country.” : Shankar Sen, Chairman, Senco Gold & Diamonds Group
De Beers $2.5mn to ght Covid-19
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e Beers Group today announced that it will contribute $2,500,000 across Botswana and Namibia to aid the response to the Covid-19 crisis. De Beers Group is a 50/50 joint venture partner with both Botswana and Namibia in the recovery and sorting of rough diamonds. Its contribution in both countries forms part of a larger effort across De Beers Group’s four producing countries including Canada and South Africa to support governments and communities in the procurement of medical supplies, logistical support, vulnerability assessment support plans, food security for vulnerable households, water supply to communities, community COVID-19 awareness and education, and local clinical support. Bruce Cleaver, CEO, De Beers Group said: “With our contribution of $2,500,000, De Beers is supporting the unprecedented efforts of healthcare professionals, community leaders and all those confronting COVID-19 in the countries and communities in which we live and work. We have refocused our business in our host communities to support the response to the pandemic and our priorities are clear: prepare communities for the crisis, support the emergency response and be a partner in economic recovery. “We have long-standing partnerships with the people of 46-PRIME SUPPORT
Botswana and Namibia spanning decades. The men and women of De Beers are proud to stand with them now in this moment of crisis and we will stand with them as their partners on the road to
recovery and renewal.” De Beers Group has designed a comprehensive Community Response Plan (CRP) to provide the most effective and relevant support to host communities. The CRP has been developed through engagement with community, traditional and faith leaders, and government agencies to understand their needs and ensure De Beers Group is providing the right support at the right time, both during the pandemic and into the vital economic recovery phase.
De Beers expands eCommerce offering
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e Beers Group’s Auctions business today announced the introduction of a new selling proposition that will give its Registered Buyers access to diamond purchases 24 hours, seven days a week. This new selling proposition, known as the Buy platform, is an ecommerce offering where Registered Buyers can make an immediate, direct and straightforward purchase from a range of rough diamonds at any time and from anywhere, providing them with a further purchase option in addition to the existing limited-time auctions offering. The launch of the new Buy platform is one of several initiatives that De Beers Group’s Auctions business, which sells around 10% of De Beers Group’s rough diamond supply, is undertaking to give its Registered Buyers additional exibility. The Buy platform has been designed to be an intuitive and accessible way for Registered Buyers to purchase rough diamonds. Users simply select the products that they want to buy, adding them to a virtual basket before completing the purchase at a virtual checkout. Once the purchase has been completed, users will be directed to an Order conrmation page displaying the details of the order along with a unique order number. JNI-MAY-JUNE’2020
#fight against
corona
Protect your self and other from Corona virus
Your Home is
YOUR
SHIELD STAY SAFE STAY HOME
“These are truly extraordinary times. The spread of Covid-19 has caused tremors of uncertainty across global markets, in which stocks have plunged into bear market territory in record time. Markets play a critical role in the global and regional economy so it is important that they remain open and transparent to give investors’ condence.” : Les Male, CEO-DGCX
EXCLUSIVE
Survive the economy India!! Re-start industry & Commerce India!
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ndia is passing through pandemic Covid-19 era. This scenario of close down has created very serious business consequences. De facto every key player is watching the turmoil and trying to survive the economy India! Now the point is how to re-start industry & Commerce India. In the context Nayan Jani, Editor-JNI questions & it is replied by Rajendra Jain, MD- India, Swarovski Gemstones Business. Let’s learn in right perspective! 1: How your supply line has impacted since lock down? I believe there is a complete locked down situation at most of the major countries, and everyone is working from home and unable to do any physical transaction and business, so not only us it has impacted the entire supply chains in the world. 2: what are your directions to your jewellers about survival in Covid-19 lockdown? It’s a challenging time and everyone needs to convert these challenges into opportunities, that is what I am also trying to do… 3: Do you see any impact of Covid-19 that could change the business format post Covid-19? Yes, I see a big impact of Covid-19 to our economy, business and personal life. There will be an immense change; people will become more conscious about their health & hygiene system. They JNI-MAY-JUNE’2020
suggest that our priority should be to protect ourselves, family and employees by respecting and following the government health guidelines and advices. If you, your family and employees are safe then business and money can be earned back anytime. Hence rst we need to defeat Covid19 and rest all the things and business plans will come later.
Rajendra Jain, MD- India, Swarovski Gemstones will adopt new style of business by making more use of technology and digital world. 5: Being a global brand, what have you done in ghting Covid-19 for India? We strongly believe and
We regularly talk to our customers and keep them motivating and help needy people and spending precious time with our family. We must take this opportunity of being safe at home to create some beautiful memories with our families. We are very condent that soon we will throw this Covid-19 out of our country with our unity and integration.
#GoSwadeshi Campaign #AajkiNeed, support Indian enterprises!
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ttar Pradesh’s Leading Jewellery brand, Aisshpra Gems and Jewels launches #GoSwadeshi Campaign, an initiative that aims at, swadeshikasamma n that is preserving and respecting Indian enterprises. The current Global Pandemic Covid19 is going to impact a lot of Indian businesses and individuals. During exceptional circumstances like this, the brand appeals every Indian to come forward and support each other by buying Swadeshi goods & services.
The #GoSwadeshi campaign intents at making the patrons understand that it is important to have #SamaykiPehchan and is #AajkiNeed to buy only Swadeshi and if we do so, not only India will survive the crisis but may also emerge as a selfsufcient Global Power. Aisshpra Gems & Jewels, being aware of their corporate social responsibilities comes forward in order to do their bit showing their support to Swadeshi goods and encouraging the patrons to buy the same. PRIME SUPPORT-49
EXCLUSIVE
“De Beers is supporting the unprecedented efforts of healthcare professionals, community leaders and all those confronting Covid-19 in the countries and communities in which we live and work. We have refocused our business in our host communities to support the response to the pandemic and our priorities are clear.” : Bruce Cleaver, CEO, De Beers Group
BVC manual to resume post lockdown Resume operations in a graded manner!
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VC Logistics drafts Covid-19 preparedness manual to resume operations post lockdown! In anticipation of the relaxation of Covid-19 induced nationwide lockdown since 18th May, BVC Logistics has issued Standard Operating Procedures (SOPs). The guidelines revolve around safety, for self, at home, in transit, for colleagues at the workplace, and for the community at large. BVC Logistics aims to progressively resume operations in a graded manner. The company has ofces in the cities mentioned under the green zone like Rajkot, Kochi, Hissur, etc. that will soon resume operations as per the guidelines. Some of the highlights of the 50-PRIME SUPPORT
guidelines are A: BVC Logistics’ drivers and escorts will be using PPE and will ensure contactless delivery and pickup of goods. All the trucks will be sanitized to avoid the further spread of Covid-19. B: While entry to the workplace, 1. strictly keep 1.5-meter distance when you are approaching BVC gate, 2. Get your body temperature scanned at the reception, 3. Use the attendance register and avoid biometric attendance 4. Get your temperature recorded on the dashboard, 5. Maintain social distancing: During meetings or Opt for virtual meetings, 6. seating arrangements to be maintained at 1.5mts from each other & 7. Avoid any type of contact at Water
points - using disposable water cups Along with the points mentioned above which are to be followed by everyone, the company has taken measures to sanitize the ofce surfaces and premises with disinfectants beforehand. In a statement, Mr Rajesh Neelakanta, Executive Director & CEO said, “BVC Logistics has chalked out the guidelines as an action plan that aligns with the national policy and government guidelines for smooth operations. The guidelines highlight the 5s, Social distancing, Safety PPE, SelfHygiene, Self-Isolation and Self-discipline for everyone to follow. It includes starting from home to going back safely.”
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“Upon opening of business post covid-19 buyback would be a big issue from buyer side, even after opening of business post Covid19, there to four months would be tough so better to focus on Cash Conservation!” : Anil Talwar, Talwarsons Jewellers
EXCLUSIVE
Yoram Dvash Elected Acting President of WFDB “It is my fervent wish that the entire diamond industry across the world works together unitedly so that we can be prepared for a business life after COVID-19.” - Yoram Dvash Yoram Dvash, President of the Israel Diamond Bourse, was yesterday unanimously elected as the Acting President of the World Federation of Diamond Bourses (WFDB). “The diamond industry like all other industries is going through a very difcult time due to the coronavirus pandemic that has struck so much devastation in human, as
well as business terms, across the world,” said Yoram Dvash, the newly elected Acting President. “In this situation it is imperative that the diamond industry across the world be united in the goal to restore it to its glory days, once the pandemic has receded and some semblance of normalcy returns to the globe.” Dvash’s election took place at a meeting of the Executive Committee of the WFDB held via Zoom. Dvash had already been named President Designate at a previous Congress of the WFDB.
historical moment as we have only recently launched the Diamond Trading Platform, Get Diamonds, which has already become the largest such platform,” stated Dvash. “It is a time when it is absolutely essential for the diamond industry to stand together like never before to ensure the welfare of the entire diamond industry.”
“The WFDB is at a very
Forevermark India Foresees business transformation!
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achin Jain, President, Forevermark India said Nayan Jani, Editor-JNI on two folds, 1: Business format post Covid-19 & 2: Business to lean more to techno than ever! Sachin Jain said Covid-19 has transformed the way in which we live and work globally. Overnight organizations have changed their working style and made people more receptive to embrace this change. Once this pandemic settles with reference to the jewellery industry, I believe the demand to production cycle will go through a dramatic change, long term planning will change to current short term goals and the need to maintain reserves is paramount. JNI-MAY-JUNE’2020
business practices. However, in the past few weeks, we are relying on technology more than ever.
Risk management strategies will factor in unexpected events like pandemics, natural disasters and associated related policy changes which will result in organisations to be more conscious of maintaining internal nancial reserves.
During this time of social distancing, technology has allowed us to be in multiple places without being physically present ensuring that there is no break in our business momentum. Working from home has become a lot easier to stay connected. In fact, video conferencing has even enabled us to reach out to our partners and offer complimentary training programs during this lock-down.
Stating about the impact of Covid-19 and techno-savvy business practice Sachin Jain said, “Technology had already taken front seat in most of our
Businesses have embraced this new style of working and realised ease of technology; this will denitely have an impact on the future. PRIME SUPPORT-51
“At this time jewellers should communicate with their clientele, Trade associations have to communicate with their member jewellers. Create awareness in buyer that jeweller is a parallel banking & nancing! Keep up creditability in the scenario of buyback!
EXCLUSIVE
: Fatehchand Ranka, Ranka Jewellers
DPA directing small and Large business amid Covid-19 Recently Richa Singh, Managing Director-India, DPA replied our JNI questions by Nayan Jani, Editor amid Covid-19. She is focusing mitigating the disruption of Covid-19 & also directing small & large players of our Industry & Trade. Let’s move to Q & A: 1. What role has DPA performed during this pandemic Covid-19? In order to show our support to the trade community we have introduced campaigns in various markets worldwide. These initiatives will be focused on skill building, keeping the trade engaged and encouraging consumers to support local jewellers. Its goal is to minimise the damage and disruption caused by Covid-19 by directing small and large business owners to relevant resources, the focus being on elearning resources and tradespecic opportunities. This is the ideal time for our trade partners and their employees to invest in up skilling and we have our online training platforms to support this. 2. What is the lesson for diamond business from Covid-19? With the world juggling the current Covid pandemic, times are tough for the industry. It’s difcult at this time to have consumers thinking of jewellery. But as consumers stay in isolation, what we can do is remind them of better times to come. Our attempt is to stay relevant by creating content with the right mix of emotion and education. The digital medium is the most powerful tool we have at our disposal today. When people are stuck within the connes of their homes, they are turning more and more to technology to keep themselves abreast of the happenings around the world connect with their loved ones and keep their minds engaged. We are leveraging our social media platforms to keep alive the interest and desire for natural diamonds. 52- PRIME SUPPORT
3. being a marketing player, tell readers, How to re-start business post Covid-19? Our consumers are getting time to reconnect with their loved ones and appreciate nature like never before, and this will denitely create a greater respect for all things natural. And as consumers begin socializing and wanting to symbolise their affection for each other, we hope that they gravitate towards natural diamonds: 1: So the focus, as always, should be on consumers. We have to closely monitor how consumers make purchase decisions and what their new needs and wants are going to be. We predict that there will be a drastic shift going forward. Hence keeping a constant track of these trends is critical to increase demand in the sector. 2: Consumer behaviour is going to change and we need to adapt to it. We need to be open to adopting new ways of doing business and evolve to start using digital channels to connect with consumers. That is the only way we can stay relevant in this new world. 3: Upgrading our skill set is vital to the everchanging environment. We need to spend time reading up, increasing our knowledge base and investing in e-learning to keep up with the changing time. At present it is important that organizations take this time to invest in training and up skilling their employees. 4: Trade and business managers need to learn exibility and become innovative in order to match consumer expectations and we need to keep both our product and communication relevant in the current scenario. JNI-MAY-JUNE’2020
“Amid desperate news including arrival of recession like of 1930 report, this is the rst step to remain in a positive state of mind! Jewellers have to keep communication with their buyers & patrons! Undertake CSR activities! In this time, let’s sustain our industry, our society and our people! If they sustains, we sustained!” : Rajesh Kalyanaraman, Kalyan Jewellers
EXCLUSIVE
Global gold demand in Q1 up by 1% Q1 global gold demand remained of 1,083.8t
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lobal gold demand held rm at 1,083.8t in Q1 2020, a rise of 1% on the same period last year, according to the World Gold Council’s latest Gold Demand Trends report. The global Covid-19 pandemic fuelled safe-haven investment demand for gold with gold-backed ETFs and it is attracting huge inows (+298t) to push global holdings in these products to a record high of 3,185t.
slower pace. Amid heightened volatility and uncertainty, global gold reserves grew by 145t in Q1. Russia announced it would suspend its long-term buying programme, signalling a slowdown in global net buying for Q2 and beyond. Total Q1 supply fell 4% as coronavirus lockdowns disrupted mine production and gold recycling.
Conversely, consumerfocused sectors of the market weakened sharply. Jewellery demand was hit hard by the effects of the outbreak and quarterly demand dropped 39% to a record low of 325.8t. Q1 inows into gold-backed ETFs saw a seven-fold year-on-year increase amid global uncertainty and nancial market volatility. Holdings of gold-backed ETFs reached a record high of 3,185t by the end of Q1. Sharp investment inows helped push the US dollar gold price to an eight-year high. Consequently, demand in value terms reached US$55bn – the highest since Q2 2013. The gold price reached a new record high in Indian rupees and Turkish lira, among others. The pandemic slashed jewellery demand as global governments imposed lockdown measures. Demand fell to previously unseen lows, led by a 65% decline in China – the largest jewellery consumer and the rst market to succumb to the outbreak. Central banks continued to amass gold, although at a JNI-MAY-JUNE’2020
Operations were halted at many projects in an attempt to stem the spread of the virus and recycling ground to a near standstill towards the end of the quarter as consumers were conned to their homes. Louise Street, Market Intelligence at the World Gold Council, commented: “The Covid-19 pandemic has had a signicant and unprecedented impact on global gold demand. The modest strength in the rst quarter was due to investment demand, fuelled by huge inows into gold-backed ETFs.
In contrast, consumer-focused sectors of the market have suffered drastically. With governments across the world implementing lockdowns to stop the spread of the virus, jewellery demand has plummeted, led by a 65% decline in China. Gold demand will continue to feel the effects of COVID-19 for the rest of 2020. In particular, the divergence between investment in goldbacked ETFs and consumers via jewellery will likely continue until there is greater economic and market certainty.” The key ndings included in the Gold Demand Trends Q1 2020 report are as, 1: Overall demand grew in Q1 by 1% year-on-year to 1,083.8t, 2: Total investment demand increased by 80% year-onyear to 539.6t, 2: Total consumer demand decreased by 28% from 791t in Q1 2019 to 567.4t in Q1, 4: Global jewellery demand fell by 39% to a record low of 325.8t. 5: Central banks net buying fell by 8% year-on-year to 145t, 6: Bar demand weakened to 150.4t, a year-on-year decline of 19%. 7: Demand in the technology sector fell 8% to a new low of 73.4t & 8: Total supply dropped by 4% year-onyear. The Gold Demand Trends Q1 2020 report, which includes comprehensive data provided by Metals Focus, can be viewed at website of WGC.
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EXCLUSIVE
“High gold prices, logistical constraints on delivery, uncertainties surrounding wedding schedules, income anxieties and lockdown in various degrees make it an unusual period that is bound to seriously restrict gold demand. Large retailers could adopt some innovative ideas to promote online trade with digitally savvy HNIs. : Somasundaram P R, MD-India, WGC
Gold demand India tumbles 36%! Q1 gold demand drops to 20% YoY!
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orld Gold Council (WGC) released, India Demand Statistics for Q1 2020- for the period of January to March 2020. Highlight of the report says for Gold demand full year that, 1: Demand for gold in India for Q1 2020 was at 101.9 tonnes down by 36% as compared to overall Q1 demand for 2019 (159 tonnes). 2: India’s Q1 2020 gold demand value was Rs 37,580 crores, a drop of 20% in comparison with Q1 2019
Director, India, WGC said, “Indian gold demand in Q1, 2020 dropped 36% to 101.9 tonnes due to a combination of factors such as high and volatile prices, economic uncertainties and towards end of the quarter, severe logistical freeze following lockdown. Investment demand, though lower by 17% at 28.1 tonnes, was relatively better as sentiments towards equities turned negative and investors
(Rs 47,000 crores), 3: Total Jewellery demand in India for Q1 2020 was down by 41% at 73.9 tonnes as compared to Q1 2019 (125.4 tonnes). 3: The value of Jewellery demand was Rs 27,230 crores, a drop of 27% from Q1 2019 (Rs. 37,070 crore) 4: Total Investment demand for Q1 2020 was down by 17% at 28.1 tonnes in comparison with Q1 2019 (33.6 tonnes), In value terms, gold Investment demand was Rs. 10,350 crores, a rise of 4% from Q1 2019 (Rs. 9,940 crores) & 5: Total gold recycled in India in Q1 2020 was 18.5 tonnes, as compared to 16.1 tonnes in Q1 2019, a rise of 16% compared to Q1 2019. Somasundaram PR, Managing 54-PRIME SUPPORT
turned to gold’s liquidity and safe haven status. Wedding demand during the rst few weeks of the quarter did appear to bring in some seasonal cheer. However, later developments, more particularly since beginning of March, disrupted the market and consumer condence, resulting in a sharp drop in jewellery demand by 41% to 73.9 tonnes. Life-time high prices of gold expectedly increased recycling by 16%. Recycling and
collateralised loans against gold may be expected to grow exponentially in the next few quarters as the immediate economic impact of the lockdown becomes evident and hopefully, fundamental reforms follow, easing business sentiment. In that scenario, it is possible that gold becomes a tool for revival of many SME businesses and household fortunes. This perhaps presents an opportunity that could revive GMS (Gold Monetisation Scheme) in a consumer- friendly manner. Consumer sentiment could receive a boost with the arrival of a normal monsoon as predicted by IMD. Issues of integrity of gold and right price will receive greater consumer attention as gold prices test affordability. A digital transformation of the industry could be a positive outcome of the current crisis, as social distancing, contactless payments and other behavioural necessities challenge earlier forms of consumer engagement. We are unable to quantify the impact on full year demand as we do not have sight of several critical factors at play under current circumstances.”
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“These are tough times for everyone. We have to stay safe and follow our traditions also. We were getting many queries on our toll-free numbers and social handles where the enquiry was majorly for xing gold rates.” : Vaibhav Saraf, Director-Aisshpra Gems & Jewels
EXCLUSIVE
Webinar, a productive lockdown! Jewelry Forecasting 2021
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ver a past few weeks, a series of webinars have been organised by J. K. Diamonds Institute of Gems & Jewelry under the banner Productive lockdown series for its students and alumni. Institute has also organised virtual classroom experience for its students. A wonderful webinar session included panellists such as International Designer and Trend Analyser Paola De Luca based in Italy. The topic of the session was Jewelry Forecasting 2021 covering consumer insights and mind set post lockdown as well as design themes that may be trending in the coming months. An overall the webinar remained as knowledge widening and inspiring session.
The latest webinar was in collaboration with Mr Prasad Kapre who is the CEO & Director of Style Quotient Jewellery. Mr Kapre has been an instrumental
Prasad shared his expertise on the importance of branding, understanding consumer behaviour and how branding is more important now than ever before. J K Diamonds Institute is committed ensuring contribution to business development & skill development for jewelry community in a resourceful manner by being the rst institute to provide a modern digital learning platform to Gems & Jewelry industry and especially to its students.
part of brand launches of Nakshatra, Asmi, Arisia, Sangini and Anant. His current portfolio includes managing Being Human Jewellery with Salman Khan. Mr
Institute has also launched courses on digital luxury branding, one of its kind courses for jewellers and traders to establish a strong online presence.
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EXCLUSIVE
“Akshay Tritiya is by far the single largest day of shopping in India. People ock to buy gold, silver, diamonds, cars and other big purchases on this day. It is also the single largest day of revenue for retail businesses in India. This year will be an E - Akshay Tritiya for all of us.” : Dr. Saurabh Gadgil, CMD-PNG Jewellers
BVC announced
Vamastores with Vamastores, we solve all these challenges by offering a beautiful website, fully integrated, enabling sales globally through marketplaces & all at a fraction of the cost of building through other partners. We aim to help jewellers come out of the Covid-19 pandemic stronger than ever.”
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he Indian diamond & jewellery industry is experiencing the worst phase of the century due to COVID-19. Health concerns have produced a zero revenue month for the entire industry. Consumer purchase from jewellery retailers is expected to drop by 90% in the rst six months of 2020. Among uncertainty, the only guaranteed behavior change of consumers is to buy online. ECommerce of gems & jewellery is expected to grow by over 50% this year. To support the industry in becoming online ready, BVC announced the launch of Vamastores.
other marketplaces to list products to boost sales. Vamastores is aimed for thousands of jewellers and costs 1/10th of the cost of traditional options & is ready within 24 hours. Rohit Chemburkar, CEO Vamastores, said, “Jewellers have shared their challenges with us since years where they don’t get a website of their design, it takes over 6 months of delays, doesn’t work on mobile and most of all, costs anywhere between 6 to 50 lacs & doesn’t produce any sales. We’re delighted to share that
BVC Logistics has been an industry partner for over 60 years and through Vamastores aims to shape the transition of jewellers from ofine to Omnichannel. About Vamastores: (www.vamastores.com) Vamastores is on a mission to digitize jewellers. Backed by BVC & leveraging its deep partnerships in the jewellery industry, Vamastores helps jewellers go online with a beautiful, fully integrated website in 24 hours. It helps boost sales through introduction to marketplaces & manages the website, becoming a one stop for traditional jewellers to go online.
Vamastores offers jewellers a fully integrated e-commerce website with a beautiful design, secure domestic & international payment options, logistics integration, email, SMS, livechat, SEO & social media marketing. To increase sales for jewellers, Vamastores will leverage BVCs deep relationships with Flipkart, Amazon, eBay & 60-JEWELLERY SHOWCASE
JNI-MAY-JUNE’2020
“Akshay Tritiya is one of the biggest gold buying days due to the auspiciousness attached to it. Due to lockdown we have missed out on Gudi Padwa and the wedding sales. However as Akshay Tritiya approached, we were warmly surprised by the number of enquires we received for pre bookings.” Aditya Pethe, Director-WHP Jewellers:
EXCLUSIVE
Take the digital side
in Covid-19
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GI USA wishes health, safety and security to all our platinum friends and partners during this time. As an organization, our team is working remotely until the risk of Covid19 diminishes. With the understanding that all businesses are facing economic difculties and uncertainties, we wanted to share a few tips to help you effectively take advantage of the digital side of your omnichannel strategies-with consumer sensitivity in mind.
Overall Communication: While stores are closed, continue to communicate with your customers on your social, email
and text channels. If you are able to fulll orders, remind your customers that they can still shop for upcoming engagements, weddings, birthdays, anniversaries and more safely at home via your ecommerce websites. Be transparent about any delays in fulllment and deliveries.
consumers may have had to cancel their special events, so exercise sensitivity when developing social media copy. As economic hardships impact both consumers and businesses, consider offering promotions or specials to be redeemed now or in the future, including, 1: Donating a percentage of every sale to a local charity, 2: Discounted shipping on orders, 3: Free
Social Media: Online activity has increased, as most of the public is staying home. Provide your customers with new content to consume while they’re at home, while focusing on positive messages of love, optimism and exciting days ahead. Keep in mind that many
jewelry cleanings for brides and grooms whose weddings were affected 4: Engraving solutions for those forced to change their wedding dates!
Open Veto Petal Ring
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ark & Berry presents Leaves, Drops and Flowers. Inspired by the Beautiful Outdoors! Tumbling along the lines of your ngers, this Open Veto Petal Ring is the perfect frame for any hand. Available in different colours, the marquise stones utter and fall like blossom petals in the sunshine. Crafted in 18K Gold, studded Emerald, Ruby, Pink Sapphire and Purple Sapphire weighing of 1.4 carats and diamonds are of 0.06ct. Lark & Berry said, we can make most 14k gold pieces in 18k, white, rose, or yellow gold. It takes approximately 3 to 6 weeks in crafting & nishing. We only use cultured (lab-grown) diamonds and stones, which are more sustainable as no mining is needed, no animal habitats are displaced and no human rights are ever violated. Cultured diamonds are identical to mined diamonds: they are just as hard, will shine just as long and experts cannot tell them apart (as there is nothing to tell apart!). Our diamonds are DEFG in colour and VS+ in quality - the top of the top. JNI-MAY-JUNE’2020
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“We’ve undergone many other deant times in history, events that have similarly challenged our spirits but with the support and generosity of one another, we have all overcome the bad times wiser, stronger and more united than before. A pandemic that is redening the businesses we rely upon! Stay safe. Stay positive. We will soon be sailing on calmer waters!”
EXCLUSIVE
: Clement Sabbagh, President- ICA
Trinity’s emblematic design!
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his cult ring, straddling the frontier between jewelry and sculpture, feminine and masculine, playful and symbolic, was the fruit of the imagination of Louis Cartier in 1924. In its earliest incarnation this unusual movable ring was composed of three interlinked bands of yellow gold, platinum and rose gold. This novel piece broke with the traditions of the craft by looking far beyond High Jewelry’s inherent focus on precious stones. The simple unisex design, ingenious movable form, owing lines of the bands and original combination of colors will ensure it continues to stand the test of time.
characteristic models comes in a different shade of gold. Many other variations also exist!
The Cartier Trinity represents three emotions and virtues that come from a place of deep devotion. Furthermore, the intertwining rings are a wonderful symbol of commitment and unity! Three intertwining rings dene the Cartier Trinity collection. Each ring on the most
Cartier crafts their jewelry using precious metals including platinum and various types of gold. You can also choose from different embellishments. Perhaps you’re looking for something with diamonds or ceramic? There are also colorful sapphire models if you’re feeling bold.
DPA associated Lisa Ray this Mother’s Day
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he Diamond Producers Association, a global alliance of the 8 largest diamond mining companies, associated with actor-author Lisa Ray this Mother’s Day to bring forth the wonderful journey of motherhood and the lessons we can imbibe from Mother Nature. Mother’s Day is a celebration of motherhood, and that can be in various forms. Lisa has penned a letter of appreciation for mother nature, who has inspired her survive the toughest challenges life threw at her, and taught her to emerge stronger no matter 62-JEWELLERY SHOWCASE
what obstacles she faced, just like natural diamonds emerge from the womb of mother earth. We are shaped by our mothers and moulded by life experiences, and we pass down this knowledge to our children. Lisa’s attempt through this letter is to share her personal learnings from nature with her children. Along with this she is lending her voice to a poem celebrating the resilience which is common to mothers and to nature that
both create diamonds and miracles. Lisa Ray’s post: https://www.instagram.com/p/C AAKfoWjr7P/?igshid=1002wknx j16bh Video link: https://youtu.be/Ws9B—48F4Q JNI-MAY-JUNE’2020
“In the wake of the Covid-19 outbreak, we are confronted with a pandemic that government agencies are doing their best to control. It is important that we ght this pandemic with solidarity, resilience, efciency and compassion as one team, one industry and one nation.” Yogesh Mudras, MD-Informa Markets-India:
EXCLUSIVE
Latest spellbinding
Utkala collection
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eliance Jewels, one of India’s most trusted jewellery brands brings to its valued patrons, its latest spellbinding collection – Utkala, where beauty rises. Inspired by Odisha’s enchanting art heritage, the renowned jewellery house is continuing its design legacy of re-creating majestic temple jewellery. Utkala comprises an exquisite range of gold and diamond necklace sets, which includes bedazzling creations that purely replicate the meticulous carvings of Konark Sun Temple to the majestic Jagannath and Mukteshwara Temples, and from the beautiful art form of Pattachitra to the vivid festival of Boita Bandana, and Seenthi, a head gear used in Odissi - the pre-eminent classical dance form from Odisha. JNI-MAY-JUNE’2020
The Gold Collection comprises of exquisitely crafted Necklace & Earrings set in 22kt Gold with Antique as well as Yellow Gold Finishes. The collection is being launched in-line with the celebration of Akshaya Tritiya, wherein purchasing a precious metal, especially gold is considered auspicious, and will be offered at attractive prices at Showrooms, Pan-India. So adorn the best and feel like vintage royalty this festive season with Utkala. JEWELLERY SHOWCASE-63
“The world has changed dramatically in the three months since our last update of the World Economic Outlook in January. A rare disaster, a coronavirus pandemic, has resulted in a tragically large number of human lives being lost.”
EXCLUSIVE
Gita Gopinath, Chief Economist- (IMF):
Zambian emeralds as birthstone of May
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meralds have been a beacon of hope across the world since time immemorial. Now Zambia is taking its place as the leading source of these precious gemstones, thanks to the world’s largest producing emerald mine – Kagem – in Lufwanyama, which is owned by Gemelds in partnership with the Zambian government through the Industrial Development Corporation (IDC).
coincidence that emeralds have always been associated with these calming and rejuvenating properties. Wearing an emerald connects us with the earth, reminding us that there is hope in the air.”
Emeralds from around the world have always had an opulent allure and an aura of healing about them. Twenty times rarer than colourless diamonds, they were rst discovered some 5,000 years ago. In that time, they have been credited with everything from curing snakebites to easing childbirth, divining truth and seeing the future. Emeralds are believed to symbolise hope, growth and fresh starts – particularly apt in the challenging days we currently face.
And after what has been a particularly challenging start to 2020, it is fair to assume that the green shoots of spring will be more welcome than ever this year, and so too the gemstones that so perfectly encapsulate the spirit of this season as thoughts turn to jewellery, and the increasing popularity of birthstone gifting (a top trend
Fittingly, emeralds are the birthstone for May, that freshest and most verdant of months, when thawed land springs into new life and buds with ower. Joanna Hardy, a ne jewellery specialist and author of the book Emerald, sums up the special connection between these precious green gems and this time of year: “Once again, our parklands, woodlands and gardens are bursting with renewed life; there is nothing quite like the haze of green as new leaves burst forth. The green colours of spring remind us of hope, rebirth, renewal and nature, and it is no 64-JEWELLERY SHOWCASE
currently with engagement rings). Those born in May are lucky indeed. One of the ‘big three’ precious gemstones – alongside rubies and sapphires – emeralds belong to the mineral family beryl and range in colour from a bluish green to a pure green,
with vivid colour saturation, the shade varying with the country of origin. East African emeralds are amongst the oldest of all, deriving their intense colour from a rare combination of minerals. The world’s leading supplier of responsibly sourced coloured gemstones, Gemelds has been mining emeralds at its Kagem mine in Zambia since acquiring the mine in 2008 in partnership with the Zambian government. Zambian emeralds are believed to be over 500 million years old and, due to their high iron content, more robust than others. They are known for their rich colour and are some of the largest and most exceptional emeralds found anywhere in the world. The ‘Lion Emerald’, discovered by Gemelds at Kagem in 2018, is, at 5,655 carats, one of very few exceptional gemstones to have merited its own name, displaying rare colour and clarity characteristics in addition to its signicant weight. When shopping for emeralds, Joanna Hardy suggests looking for, above all, transparency on origins and treatments; each emerald of note should come with a report from a recognised gemmological laboratory. You should also look for evenness of colour and good saturation; the cut matters too, and it is important to remember that natural inclusions are part of the gem’s DNA and should be welcomed: these are what makes each and every emerald unique. JNI-MAY-JUNE’2020
Protect your self and other from Corona virus
Your Home is
YOUR
SHIELD STAY SAFE STAY HOME
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“The Indian Missions abroad to play an important role in identication of opportunities for Indian business and export, existing in their countries, and making India a preferred destination, a reliable destination for investment.” Piyush Goyal, Minister of Commerce and Industry:
EXCLUSIVE
A selection donned by celebrities! The Red Carpet Collection!
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nown as the preferred jewellery brand of celebrities, Izaara for the rst time introduces The Red Carpet Collection. The designs are of the pieces selected by celebrities for the red carpet events and are crafted with sterling silver. A marque known for creating premium and precious silver designs, brings in a awlessly
crafted assortment of understated earrings. Inspired by the hues of nature, the collection is also an ode to the spring season. Unrivalled in beauty, the designs are expressive but are not expensive. With semiprecious coloured stones being central element, each piece marvellously captures varied designs in pear, Crescent and round shapes. Accentuated with Swarovski crystals that bear a canny
resemblance to stars, these designs undeniably celebrate the beauty of nature. Monogrammed with the letter ‘I’ which stands as an insignia of the marque, each ornament is made with a tarnish-free alloy that is 100% skin safe. An ideal consort for evening soirees, cheese parties and red carpet event, they perfectly augment your western as well as Indian attires.
Design to Tribute mother’s day Taking inspiration from Mohapatra’s luxe designs
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arayan Jewellers by Ketan and Jatin Chokshi says, The Empress Collection features new designs from Narayan Jewellers including ear climbers and jackets, in addition to signature styles including chandelier and asymmetrical earrings, cocktail bracelets and rings. JNI-MAY-JUNE’2020
Taking inspiration from Mohapatra’s luxe designs, the collection is for a woman who is bold, strong, independent, caring, loving and takes her own decision. The collection truly denes an NJ Woman. Created to complement a glamorous winter evening ensemble, natural elements such as
owers, dew drops, the sun, the moon, and stars are incorporated throughout each piece featuring responsibly sourced Forevermark diamonds using 18 karat white and rose gold. JEWELLERY NOW-67
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“For one thing I am sure of – there will be life and business after Covid-19. And that humanity will arise Phoenix-like from this situation, to soar once again. A tomorrow where we are all more compassionate and caring, where our companies are part of a more socially conscious and committed industry.” : Ernie Blom, President- WFDB
The Regal Panache Collection
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ewellery is something that has to do with emotion and your bridal jewelry is something which adds that extra air of class and spice on one of the most important day of your life. It adds the exquisite detail that helps to tie your whole look together. Whether you prefer sleek vintage bridal jewelry, a dazzling artdeco statement, or a dainty touch of sparkle dangling from your bridal earrings, your wedding jewelry is an extension of not just
Bridal jewelry adds that extra flair of class
your wedding dress but also the intense warm feeling inside which can’t be expressed by mere words. Choose from our latest collection of stunning bridal rings, bracelets, and bridal necklaces that range from crystals to pearls. There is no limit to how much jewelry you can wear on your wedding day. The classic touch in the designs will not only be the highlight of your special day but years to come ahead. The exquisite
pieces can be worn again and again throughout your life and maybe even passed down to future generations! Make this auspicious day more memorable with The Regal Panache Collection by Latique.
Flair: Featured here is our bangle from Regal Panache collection, it has been delicately crafted in 22 karat gold adorned with lustrous polki diamonds, deep blue sapphires with a touch of ruby and south sea pearls symbolizes feminine delicacy and feminine intuition.
Splendour: The bangle combines the aspect of tradition and modern, highlighting the dazzling and delectable with polki diamonds and green meenakari symbolizes the blazing dance of self-realization and the grounding warmth of our tradition.
Luminesce: The Indian craftsmanship has been
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“India should convert this crisis into an opportunity, accelerate infrastructure projects and win this war against corona to achieve economic growth. Indian industry should look at the current situation as a blessing in disguise and aim towards improving its export potential. The ministry had denitive plan to clear all legitimate claims more or less within 3 months.
Nitin Gadkari, Minister for MSMEs
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diamonds and tanzanite signies feminine elegance and feminine etherealness.
Shimmer: Jhumkis set in 22 karat gold with luxurious polki diamonds and pearls epitomize the balance between modern and traditional aesthetics, making it a must have classic piece this festive season. transformed with a modern regal touch, using uncut diamonds and polkis with lustrous tanzanite’s and emeralds signifying the luster of life- lessons learned with gratitude, joy and humility.
Serenity: Featured here our bangle set in 22 karat gold with Kundan and embellished with deep red rubies celebrating our traditions, values and ethics.
Grace: This piece delicately intertwines nature’s signature green culminating in a bold and beautiful effect. This necklace is set in 22 karat gold embedded with brilliant and rose cut
Majesty: Strength of gold enhanced with deep red toned rubelite and intricate layout of brilliant cut diamonds and south sea pearls, this necklace symbolizing love, fascination and pure affection.
Fascino: As a collection of transcendental luxury jewellery illuminates emeralds, with brilliant cut diamonds and navaratan stones in enthralling ring signify purity and delicate charm. Latique’s collection is availability at The Oberoi, Gurugram.
Founded by designer Latika Khanna in New Delhi in 1992, Latique is a ne jewellery company that has rapidly won the admiration and patronage of international clientele.
The One, Cushion-Cut selected from Diamond Ring Rare diamonds only the top color
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he ultimate expression of true love, Harry Winston Engagement Rings feature rare diamonds selected from only the top color (D, E, and F) and clarity grades (Flawless-VS2) expertly set in platinum to create a superlative engagement ring that shines with maximum brilliance. From cushion-cut, to emerald-cut, to oval and pearshaped, the House’s unique engagement rings are available in a variety of cuts and styles. The One, an exceptional engagement ring and unique piece of ne jewelry, features a cushion-cut diamond center stone, framed by micropavé diamonds, set on a micropavé band. The timeless glamour of the micropavé setting has quickly JNI-MAY-JUNE’2020
become an iconic Harry Winston style. Set in a delicate, feminine design, each diamond engagement ring is meticulously hand-crafted, to highlight the diamond’s graceful beauty. This rened jewel is available with center stones starting from 1.00 carat, with micropavé on frame
and band, set in platinum. Harry Winston once said, “No two diamonds are alike.” As each ne jewel from the House of Harry Winston features a unique arrangement of one-of-a-kind diamonds and gemstones, carat weight and stone quantity may vary slightly from piece to piece. JEWELLERY NOW-69
Protect your self and other from Corona virus
Your Home is
YOUR
SHIELD STAY SAFE STAY HOME
“Surviving in this era is all about sustaining but it is a short term move! This is the time to adopt, 1: overhead control, 2: support survival of goldsmith & craftsmen, 3: shoulder CSR.” “By this coronavirus era, world is not ending world is changing!”
EXCLUSIVE
: Suvankar Sen, Senco Jewellers
Wrap Ring in 14K Yellow Gold Nocturnal Multi Coloured Wrap Ring
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rap your eyes around our edgy Nocturnal Multi-Coloured Wrap Ring, splashed with diamonds, sapphires, emeralds and rubies. Dressed in 14K yellow gold, this beautiful ring is ideal for everyday wear. Nocturnal says this; MultiColoured Wrap Ring is of, 1: Metal: 14K Yellow Gold, 2: Leading Gemstone: Multi- Colored Sapphires, Emerald and Ruby 3: Gemstone: Diamond, 4: Carat Weight: 0.24ct (Multi- Colored Sapphires, Emerald and Ruby) 5: Total Diamond Carat Weight:
0.02ct & 6: Overall Height: 11.5mm. You’ll nd only cultured diamonds and stones throughout our jewellery ranges. Cultured Diamonds, which are chemically, physically and optically identical to mined diamonds, enable us to use only the top colour (D,E,F) and clarity (VS+) diamonds so your pieces can truly sparkle! Our ring sizes are correct to the nearest half size. Lifetime guarantee for us to x or exchange any Lark & Berry 14K or 18K solid gold piece if it is faulty, complimentary basic
cleaning service of your L&B piece when you bring it into one of our stores or qualifying locations. If you have joined our luxury rewards program, we can recycle your piece for you and you can get Lark & Berry credit for it!
The Empress Collection! Collections inspired by luxe designs
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arayan Jewellers New York Fashion week Fall-Winter 2020 collection, The Empress Collection designed in collaboration with Designer Bibhu Mohapatra & Forevermark comprises of 7 capsule collections. Inspired by Bibhu’s luxe designs, the collection is for a woman who is bold, strong, independent, caring, loving and takes her own decision. The collection truly denes an NJ Woman. Witnessing the introduction of two new concepts of Ear Climbers – which is an earring climbing up the ear lobe but stopping halfway and the Ear Jackets which appears like a stud being worn both in front & back, the impeccable collection also includes statement Ear studs, Chandelier Earrings, Asymmetrical Earrings, Cocktail Handcuffs and Multiple nger rings. Showcasing elements of nature with special focus on the universal concept of the solar system in all designs, the combination of owers, centipedes, dew drops, sun, moon and stars is intelligently and beautifully entwined, making the collection every woman’s desire. 72-TRENDING JEWELLERY
Fall-Winter showcases fashion which is warmer including trench coats, fur jackets and gloves, hence the jewellery line focuses on new concepts in earrings along with cocktail bracelets, handcuffs and cocktail rings to create the glamorous look for that perfect winter evening. Delicate and intricate, the collection is truly bespoke. The collection is available since, New York Fashion Week Fall/Winter 2020 had ofcially held February 6, 2020 and ran through February 13, 2020. JNI-MAY-JUNE’2020
“So what we are expecting is that even if the lockdown is over there would be people hesitate to actually stepping out, distance will have to be maintained. Hence we are doing a campaign where we are saying that you can book through your phone, through calling and online.” Tanya Rastogi, Director-Lala Jugal Kishore Jewellers:
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We Prefer Platinum Wedding Bands:
Tacori Y
ou have many choices to make when you’re selecting your engagement ring and wedding bands, and your decision about which metal to wear is one of the most important. At Tacori, we prefer platinum as our premium white metal and here are four reasons why, 1: It’s more pure at a .950 Platinum alloy. 2: Platinum is naturally hypoallergenic. 3: Platinum is a naturally white metal & 4: platinum retains its metal density across years of wear. If you scroll below, we’ve highlighted each of the four reasons we prefer platinum and some information to help you make your decision about your engagement ring and wedding band metal. And here’s a quick info graphic that helps illustrate why we think our engagement rings and wedding bands look better in platinum. Of course, if you’re choosing to celebrate in color with rose gold or yellow gold, there are pros and cons to every metal option, including personal preference and pricing. And no matter which metal you select, we know that you want to make an informed decision about the best metal for you. JNI-MAY-JUNE’2020
If you’re debating between white gold and Platinum, here a few of the reasons why Platinum is the premium choice for Tacori engagement rings and wedding bands. To start, Platinum’s naturally white color won’t fade or change color over time. This means, no maintenance is required to maintain a white hue over the lifetime of the ring.
After the white gold alloy is created, the initial white color of a white gold ring does often fade over time, and requires maintenance over the life of the ring to restore the white color to a showroom nish. This is different from a Platinum ring, which will not require maintenance to maintain its white hue.
Compared to a white gold ring, it’s important to note that gold itself is naturally occurring in
Additionally, the metal purity of Platinum is approximately 95% pure Platinum, compared to a white gold alloy, which is approximately 75% gold for an 18K gold alloy ring. This purity makes a Platinum ring not only more dense with this precious metal (as it’s 95% pure Platinum), but it is also naturally hypoallergenic and ideal for those with sensitive skin.
4 Reasons to prefer platinum wedding bands nature as a soft yellow metal. In order to change the color from yellow to create a white gold ring, the natural yellow gold must be mixed with other white metals – also known as an “alloy” – to lessen the yellow appearance and strengthen the gold into a formula that can be used for jewelry purposes.
This is different from white gold, which is known to contain other metals in its alloy which may trigger an allergic reaction. Additionally, this natural density and weight of Platinum – as Platinum is 25% heavier than gold – are characteristics that make it more durable than other jewelry metals. Platinum does not wear away and holds precious stones rmly and securely. In short, Platinum prongs are better protection for TRENDING JEWELLERY-73
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Changes to our eurozone growth and ination forecasts - We have lowered our outlook for growth and ination in 2020 and 2021 in the eurozone, overall, our annual GDP growth forecast for 2020 has been lowered to -6.9%, down from -4.3%. Annual growth in 2021 now is expected to be 3.2%, up from an earlier expected 1.6%.”
diamonds. Like all precious metals, Platinum scratches. But when these scratches occur on a Platinum piece, they actually create a natural, rich patina on the ring that strengthens the metallurgical properties of the piece. In addition to its strength and
: Bill Diviney, Senior Economist ABN Amro density, Platinum has another remarkable quality – pliability. Platinum is so pliable, that just one gram of the metal can be drawn to produce a ne wire over one mile (almost 2 km) long. This quality has enabled jewelers to create some amazing versatile Platinum designs, which could
not be fashioned from other precious metals. And because Tacori’s designs are often so intricate with the handcrafted details, Platinum is the optimal metal for our craftsmanship to truly shine. In our opinion, everything looks better in Platinum.
New Collection Verde Launched Verde in Italian means the color green
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erde in Italian means the color green. It is the color of life, renewal and Mother Nature. Green heals and calms down the senses and more so is associated with growth and harmony. The synergy we see in nature, the tranquility we feel when we see lush green elds is all because of Verde, the color of our mother nature. In our latest collection Verde, we have captured this essence of the color green with the designs aesthetics capturing both the classic and the new age.
Citrina: Made in 18 kt gold, beaded with coral beads and a carved coral ower at the back with a pendant of brilliant cut diamonds and pink opal, a tassel of green tourmaline, carved corals and drop of black onyx. Piri: A beautiful necklace in sterling silver with brilliant cut diamond, beaded with Japanese culture pearls, a pendant of Italian carved coral and a tassel of Columbian emerald beads.
Rubena: Statement earrings made in 18 kt gold with the top of ower followed by geometrical structures, set with brilliant cut 74-TRENDING JEWELLERY
enamel over black enamel, made of 18 kt gold, with the top of brilliant cut diamonds and lemon topaz.
diamonds, pink tourmalines and rubies with emerald drops at the bottom.
Lila: This elegant ring is made of 18 kt gold with the setting of tanzanite in the middle, covered with rose cut diamonds and emeralds on the outside.
Passe: This ring gives a retro energy with the dots of white
Founded by designer Latika Khanna in New Delhi in 1992, Latique is a ne jewellery company that has rapidly won the admiration and patronage of international clientele. Starting with the vision that India is modern by design and always has been, Latique takes the rich jewellery heritage that this country is privileged to have enjoyed and gives it a truly contemporary soul. JNI-MAY-JUNE’2020
Concerns about the virus have seen the local gem and jewellery sector come to a halt with virtually no footfall in stores and many jewelers shutting shops located in malls and shopping complexes. Mumbai’s Zaveri Bazaar, the largest Jewellery & bullion market in the country, will also be closed until further notice. We salutes the relief measures by FM & hopeful that GJEPC’s contribution towards PM-CARES fund can make a difference to several initiatives undertaken by the Govt.
Lalit Jain - C A Publication, Mumbai
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A Masterpiece of ingenuity!
Zip necklace of Van Cleef & Arpels
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masterpiece of ingenuity, the Zip necklace is one of Van Cleef & Arpels’ boldest creations. An emblematic creation by Van Cleef & Arpels, the Zip necklace was created in 1950. Representing the inuence of couture in the creative world of the Maison, it also illustrates its taste for innovative, transformable pieces. A Van Cleef & Arpels’ avant-garde creation, the Zip necklace was inspired by the zip fastener. The latter was rst used for aviator jackets and sailors’ uniforms, before being appropriated by Haute Couture in the 1930s. It was then that the Duchess of Windsor suggested to Renée Puissant, the Maison’s Artistic Director, that a piece of jewelry could reinterpret this technology. Finally created in 1950, the Zip necklace can be worn open as a necklace, or closed as a bracelet. Founded at Paris’ 22 Place Vendôme, the Maison draws inspiration from the world of couture like a discrete homage to the city of its origins. Glittering golden lacework, sparkling bows, JNI-MAY-JUNE’2020
tassels of precious stones and ruby ribbons celebrate this center of elegance and fashion. Giving the illusion of bows and draperies, these three-dimensional creations are among the Maison’s most dazzling technical achievements. The Zip necklace offers a sophisticated twist on the zip fastener. TRENDING JEWELLERY-75
“Retail business both on the gem elds and throughout the country have been greatly affected by the travel restrictions. International and local tourism has dried up completely creating serious nancial consequences for outlets dependent upon them.”
EXCLUSIVE
Terry Coldham, ICA Ambassador- Australia:
Animals that inspired!
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hen the Animalier collection was created in the early 1980s, it exploded just like all of Italy was exploding, in a period of creative urry, full of opportunities. It was the moment to be bold! Those were the years in which fashion was telling stories about the world and faraway places using fabric; why couldn’t jewelry do the same using gold? This was the challenge that Roberto Coin decided to accept. Since then, Roberto Coin can often be seen at the door of his atelier, just back from one of his trips, carrying sketches of the animals that inspired him the most: from familiar barnyard animals to exotic beasts. Each animal in the collection is considered a guardian of the earth, a tribute to the respect for nature to be celebrated both with beauty and with the responsible ethics that are reected in the choice of the precious stones and gold that make up every piece. The rest of Animalier’s history is made of painstaking anatomical research, of the skills of the
artisans that forge every detail and of technological experimentation, because reproducing the perfection of nature is not a simple task. Over time, Animalier has followed the company’s evolution and after almost 30 years, this collection is still considered an open chapter in Roberto Coin’s creative universe, a chapter that becomes richer, year after year. The collection is populated by animals from the real world as well as by imaginary beings inspired by oriental legends or cartoons. In fact, in our atelier you may encounter a ying dragon, oating above the chatter of dozens of parrots, among the gaze of sh in the silence of the ocean and even Nemo.
Palazzo Ducale that inspired Roberto Coin precious gowns they wear. It was precisely one of these gowns, the façade of Palazzo Ducale that inspired Roberto Coin’s collection of jewelry with the same name.
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oberto Coin going to talk about another, lesserknown collection inspired by the palace that symbolizes Venice, Palazzo Ducale. For Roberto Coin, who loves to search the world for creative connections, all things become a source of inspiration. He looks at palaces and sees living elements that populate the city, with their façades being the 78-JEWEL CHOICE
From marble to gold, the chiaroscuro effect that decorates the façade of Palazzo Ducale is reinterpreted using alternating black and white diamonds, and brushed and polished gold. A four-petal ower, the essence of Gothic art in Venice, is repeated in a regular sequence on the entire façade of the palazzo; in this collection of jewels, it is presented as a recurring oral design made with four diamonds, each of which is a petal.
respect the rigid proportions dictated by the world of architecture but the jewels are also studded with rich details and symbolic references. This surprising harmony made of contrasts gives the pieces a look that is at once iconic and majestic, a tribute to the unique magic of Venice.
The strong geometric lines of the collection’s design JNI-MAY-JUNE’2020
“Sri Lanka being a major hub for cutting and processing gemstones, receiving exports of rough gemstones from countries such as Tanzania, Madagascar and Mozambique has also come to a standstill and most of our traders are unable to travel due to air travel restrictions and with no substantial idea of what the market will look like post-COVID-19.”
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Armil Sammoon, ICA Ambassador to Sri Lanka:
Poetry and extravaganza by watchmaker
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ohn-Mikaël Flaux is a young watchmaker specialized in the art of mechanics. Based in the French city of Besançon – a town known for French horology - he is a watchmaker candidate for the famous AHCI in Switzerland. His speciality aims to reinterpret this sector by giving it a poetical and extravagant dimension: The Guêpe (with its wasp-shaped mechanism), Car Clock and Time Fury P18 (watches in the shape of racing cars) and the automatic Duello (ght between 2 mechanical swordsmen), for example. Flaux graduated at the Edgard Faure School (the best French horology school) and
came rst in the national «Un des meilleurs apprentis de France» competition as the best apprentice. In 2012, he was spotted by Swiss producer Ulysse-Nardin and became a watchmaker in the department of great complications. In 2014 he created “The Wasp”, a mechanism in the shape of the insect and, since then, he has
been the brand’s watchmakercreator. He is also responsible for the Super-Catamaran table clock inspired by offshore regatta boats presented at Basel in 2016. He left Ulysse-Nardin in 2017 to set up his own workshop in France and to ofcially become an independent watchmaker.
Rose Cut Engagement Rings!
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ur natural Rose Cut Diamonds are an unconventional stone option for vintage loving brides. In signature Kirk Kara fashion, each diamond is hand cut and polished by experienced artisans to optimally showcase the subtle, romantic glow that characterizes rose cut stones. A vintage style that is making a comeback on the ngers of modern brides, the rose cut diamond produces soft ashes of light and is an unconventional stone option that certainly here to stay. JNI-MAY-JUNE’2020
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“The diamond and jewelry business will recover, because no matter what happens dreams and love won’t fade. After the corona crisis, sales and business may be more virtual and not as much face to face, yet love will still remain person to person, that story will remain the same because love and diamonds are forever.” : Leibish Polnauer, Leibish & Co
The wonders of Van Cleef & Arpels
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he exhibition “Van Cleef & Arpels: Time, Nature, Love” has closed at Palazzo Reale which presented for the rst time in Italy the universe of the Maison of High Jewelry through over 400 jewels, watches and precious objects created since its foundation in 1906. The exhibition celebrated the unique ability of the jewels to combine eternity and ephemeral, love and manufacture, beauty and art.
Divided into three sections Time, Nature, Love, the exhibition was conceived taking inspiration from Italo Calvino’s American lessons. Among archival documents, line drawings and gouache drawings, the origins of artistic creation have been witnessed by accompanying the precious specimens from the Van Cleef & Arpels Collection and private loans. In balance between the eternal and the ephemeral, between
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arry Winston’s wondrous garden is in full bloom with ne jewelry masterpieces that recall nature’s most magnicent owers through luminous diamonds and bright colored gemstones. The House’s wondrous Winston Garden is in full bloom with ne jewelry masterpieces that recall nature’s most magnicent owers through luminous diamonds and bright colored gemstones. Awaken your senses this spring with the enchanting beauty of a Harry Winston bloom designed to be worn, admired and enjoyed forever.
tradition and fashion, the art of jewelry maintains a complex relationship with time: this extraordinary exhibition has illustrated the ability of Van Cleef & Arpels to interpret a fragmented time as that of the twentieth century and in representing both the perpetual values related to beauty and the eeting power of seduction.
Traffic Necklace, linear placement!
Here is Trafc Necklace, with linear placement of baguette and round brilliant diamonds, the Trafc Collection imitates the movement and lights on Manhattan’s bustling avenues. From atop its grand high-rises, far above street level, New York shows its splendor, its exciting streets owing with the rhythm of city life. Perhaps nothing symbolizes the city’s energy so truly as the mesmerizing movement of its thoroughfares. The Trafc necklace is a modern jewel that creates an original statement, and is the epitome of unconventional style. 10 baguette and 86 round brilliant diamonds weighing a total of approximately 11.53 carats, set in platinum. Harry Winston once said, “No two diamonds are alike.” As each ne jewel from the House of Harry Winston features a unique arrangement of one-of-a-kind diamonds and gemstones, carat weight and stone quantity may vary slightly from piece to piece. For inquiries, please contact client services. 80-JEWEL CHOICE
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“We are working towards the restart of operations and we believe our nancial position is sufcient to support the Company until production resumes at Fruta de Norte. We have a dedicated team of employees at site carrying out activities to mitigate the impact of the suspension on our operations and we have reduced costs in other areas.”
: Ron Hochstein, President-Lundin Gold
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How Jewellers-Buyers celebrated Festivity amid pandemic Covid-19 India is a place of celebration, People like festivity and they wishes To celebrate time and again! Amid pandemic Covid-19 we witnessed Gudi Padva, Akshay Tritiya and a celebration to tribute mother, Mother’s Day! Not only in India but also across the Asia, any children in general wishes to tribute and ready express their gratitude! Let’s see how we celebrated! –Editor JNI.
Senco Gold & Diamonds:
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enco Gold & Diamonds, the largest jewellery retail chain from Eastern India, announced innovative offers for its customers looking to buy their favourite metal this Akshay Tritiya. Senco Gold and Diamonds has announced the Akshay Tritiya sale this year will be entirely online through the e-commerce section on www.sencogoldanddiamonds.com. Akshaya Tritiya is one of the most auspicious occasions for buying gold and is known to bring good fortune, prosperity and luck. The unique feature of this offer (running from April 22-27) is that customers can lock-in the gold price of the day when they complete the online booking. Once the lockdown is lifted, customers can either opt to go to the store to pick up their jewellery or get their purchase delivered to their
doorstep. If Gold’s prevailing price reduces at the time of pickup/delivery, the customer will enjoy the lower price applicable.
ORRA:
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RRA, India’s leading house of Bridal jewellery launches the Swarna Kavach initiative to bring in the festivities of prosperity & honour the tradition of owning Gold on the day of Akshaya Tritiya. With Swarna Kavach, customers are protected from price uctuations of the Gold rate & can shop from the safety of their homes by placing an order through the ORRA website. A lot of emotions are involved around the celebrations of Akshaya Tritiya as it marks the onset of prosperity, purchase of gold is considered to be a sign of good luck. Due to the current lockdown situation, it is not possible for people to visit stores to make their purchases; however, this should not deter people from celebrating positivity and new beginnings. In a unique gesture, the Swarna Kavach plan enables customers to block their purchase at the current Gold rate on the ORRA website. JNI-MAY-JUNE’2020
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“UNICEF’s efforts to protect the most vulnerable from the impact of the Covid-19 crisis are indispensable. The pandemic must not become a lasting crisis for children. We are very proud to support this campaign to save the lives of children and their families and help build a better day after the virus. This is a cause that deserves global attention,”
: Alexander Lacik, CEO-Pandora
DPA campaign:
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riranjani & Amith celebrate the birth of their child with natural diamonds, #NewMomGift! Continuing with their industry initiative to create positive conversations around natural diamonds, the Diamond Producers Association (DPA) has gone regional in their latest communication for their ‘New Mom Gift’ campaign. The birth of a child is perhaps the most authentic, precious and rare moment for any couple, as it is the day their bond strengthens further with parenthood. Only a gift that is as real, rare unique and precious as a natural diamond can commemorate the journey of becoming a family. DPA has taken the thought forward of “Celebrate the miracle of life, with a miracle of nature” by collaborating with
leading celebrity couple Sriranjani & Amith as they celebrate their parenting journey with a #NewMomGift of billion-year old natural diamonds. Richa Singh, Managing Director-India, DPA said, “It is heartening to see the support that our #NewMomGift campaign has received from consumers and the industry alike. Sriranjani & Amith are a testimony to what the DPA has always believed in; that natural diamonds play an integral role in all our lives because they are unique, precious, rare and true miracles of nature. I am glad that our trade partners have supported us by joining hands with us in this industry initiative.”
soon be seen on your TV screens. The beautiful bracelet seen in the video is from Kalyan Jewellers.
The lm, in association with Star Vijay, is available on social media and YouTube, and can
Link – https://www.youtube.com/ watch?v=g3hehIcCduU
Forevermark: get through it. This Mother’s Day, we are more than grateful to the women in our lives who have taught us resilience and love, which will help us overcome these times. To express love and gratitude, this year, Forevermark is promoting its global ‘Live and Love’ campaign as an ode to the mothers who are beautiful, brilliant and strong. Through its campaign, the brand beautifully brings out the similarities between a mother and a diamond.
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orevermark, the diamond brand from the De Beers Group, has always epitomised a mother’s love for her child as pure and everlasting, just like a Forevermark diamond. Currently, we are all facing unusual circumstances and the world needs to show extraordinary strength and kindness to 84-FESTIVE JEWELLERY
Love is found in each and every one of these moments. Therefore, it is essential that we make time from our hectic schedules to live these moments with our mothers. These seemingly insignicant things that we do every day build our forever moments which are to be embraced and cherished. JNI-MAY-JUNE’2020
“We have decided that we will not let the morale of the country’s productive youth to be let down and will support them in every way possible. I would also like to state that all the establishments have shown full commitment in this regard and are cooperating with the Government for the smooth delivery of services in a critical time like this.”
Dr Mahendra Nath Pandey, Union Minister of Skill Development:
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Lightbox:
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his year, let’s make Mother’s Day extra special. Send a little light, even when you can’t be there in person. Deliver lab-grown diamonds right to her door, so she can shine in pink, white, or blue. Lab-grown diamonds are diamonds that were grown by scientists in a lab. They share the same chemical makeup as natural diamonds, and are optically identical. The biggest differences between natural and lab-created diamonds are how they’re made, and how rare they are. Lab-created diamonds are chemically and physically identical to natural diamonds, and are just as durable. Diamonds that were found in nature take billions of years to form, while man made diamonds can be formed in just a few weeks. Lightbox lab-grown diamonds are created. At Lightbox, our lab-grown diamonds are made the same, every time. So we can price them the same, every time.
Silver Centrre:
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t is a known fact that women and jewellery go hand in hand. Therefore, if you are thinking about the perfect gift for your mother, then nothing can compensate for the beauty of intricately designed jewellery pieces by Sangeeta Boochra. From ne silver and gold plated jewellery to various designs that depict the culture of our country Sangeeta Boochra has a whole wide range of bracelets, rings, chandbalis, jhumkas and many more, to celebrate with your Mom. Mrs Sangeeta Boochra joined hands and gave Silver Centrre a new face and approach altogether. All Silver Center products are made in pure sterling silver 925 or 22 kt gold. Gold plating on the silver products are 18kt gold plating. Silver Center only uses natural precious and semi-precious stones and sometimes glass.
Reliance Jewels
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his Mother’s Day Reliance Jewels introduces a stylish diamond capsule collection with elegantly crafted Pendants, Earrings & Wrist wear. Surprise your mom with the perfect piece of jewellery that she’ll cherish forever. The collection is crafted in 18kt Gold and studded with Diamonds. The price ranges from approximately 20k-60k. The most spectacular jewellery collection oozing with diversity and splendour welcome you at Reliance Jewels. We offer a profuse mix of traditional and contemporary designs. Be it you, the senior members of your family or the little wonders, we have something gorgeous for everyone. Our assorted collections exhibit ornaments for special occasions as well as casual elegance. We don’t just make jewellery, we carve masterpieces. Therefore, any jewellery you choose will redene your glory only to make it more brilliant. JNI-MAY-JUNE’2020
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EXCLUSIVE
“the Gates Foundation could take the lead in analysing the necessary changes in lifestyles, economic organisation, social behaviour, modes of disseminating education and healthcare that would emerge in the postCOVID world, and the associated technological challenges that would need to be addressed. India would be happy to contribute to such an analytical exercise, based on its own experiences.” : Narendra Modi to Bill & Melinda Gates
PNG Jewellers:
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NG jewellers announced the launch of Vedhani E - Vouchers and the Pure Price offer to facilitate booking of gold for Akshay Tritiya. These offers are currently available on their website, www.Pngadgil.com. Customers availing these offers can now book gold on Akshay Tritiya and have the delivery of the same once the lockdown ends. The Vedhani E-vouchers are available in 1, 2, 5 & 10 Gms of bullion only. Traditionally, Akshay Tritiya has been a day of fervent gold buying across the country. Buying
gold on Akshay Tritiya is considered to be very auspicious. This year, with the ongoing Covid-19 crisis and all retail stores being shut during this auspicious period have disappointed many consumers unable to make traditional gold purchases at a time when gold prices are rising almost every day and gold once again has become the favorite mode of investment the world over. To protect the interest of the consumers in times of continuous increase in gold prices, PNG jewellers have also launched the Pure Price offer. The Pure Price offer works in a way where customers can still avail the booking rates post the lockdown in case the prevailing rates are higher.
Alexandra Mor:
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ith Mother’s Day coming in just a few days, it is still not too late to get mom that unforgettable gift that will remain memorable and last forever!
Alexandra Mor said, we live in such vulnerable times, which certainly affect our usual plans to spend Mother’s Day close to our mother. While the best gift we can give her is our company, Covid-19 and social distancing will force us to be separate on this special day. So how can we show mom that we love and appreciate her without being able to be with her? We are excited to share with you our newly launched virtual experience that we hope will help provide you with all you need for your search of the perfect last minute Mother’s Day gift, or for any other special occasion now, and in the future. Designer said to explore the links below and choose between a gift certicate, or schedule a personal one on one schedule a virtual appointment with me, or simply click to choose from select pieces from our signature collections. With deepest appreciation to all the mothers around the world who are holding space for each of us while we’re paddling through this journey called life. 86-FESTIVE JEWELLERY
JNI-MAY-JUNE’2020